Published on 16 Aug 01
by VICTORIAN DIVISION, THE TAX INSTITUTE
This session outlines the new legislative provisions for 'debt' and 'equity' and highlight their practical application including:
a review of the new definitions of 'debt' and 'equity'
an analyses of when a 'contingent' obligation to make a payment will be regarded as a deemed dividend
a review of the tax implications of non arms length shareholder loans
a critique of the tax consequences for payers and payees under the new rules and;
the lack of symmetry between the tax treatment of dividends and non share dividends
Mark is a Senior Tax Manager with PKF Melbourne. He has over 19 years experience consulting to a wide array of clients on a full range of complex tax matters. He is also a regular speaker on issues impacting
SMEs including the application of Division 7A and the debt/equity rules, and the availability of CGT concessions.
- Current at
24 October 2003