Published on 20 Sep 07
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper covers:
loans - when does a loan arise?
is a loan different to an amount held on trust?
recognising loans and distinguishing them from contributed capital
ensuring there are no future disputes because all transactions are properly documented
role of an accountant in ‘creating’ loans - where does that debit entry go?
latest ATO Taxation Rulings and Determinations.
Craig McCormick CTA
Craig is an experienced accountant and tax consulting professional specialising in working with large international businesses, listed groups
and large privately held businesses. He leads Grant Thornton's national research and development tax specialist team. In this role he works
with clients involved in innovation and assists in securing R&D tax concessions, other innovation related government incentives and
management of IP. Current at 14 September 2010
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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