Published on 17 Oct 13
by QUEENSLAND DIVISION, THE TAX INSTITUTE
In the May 2013 Federal Budget, the Government announced the most significant changes to the thin capitalisation rules since their commencement in 2001. It also announced certain related measures that intend to limit deductions for financing costs. This paper explores those announced changes and the potential implications. It covers:
- the new “safe harbour” limits
- implications of the repeal of section 25-90
- proposed amendments to section 23AJ
- issues associated with re-financing.
Nishlin Moodley CTA
Nishlin is a Senior Manager at EY. Current at 17 October 2013
Simon Jenner CTA
Simon is a Partner in the Financial Services Tax practice at EY, specialising in banking and capital markets. Simon has 18 years experience advising large corporates on a variety of tax issues, including capital management, capital raisings, mergers, acquisitions, disposals and the application of the tax consolidation regime. He has also advised extensively on the application of the taxation of financial arrangements rules. Current at 02 June 2015
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