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 presentation 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.