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  Miscellaneous 2007

TOFA and SMEs

Source: Western Australia

Published Date: 16 Mar 2007

 

The TOFA rules will have significant implications for many SMEs. Issues discussed in this presentation include:

  • the scope of the legislation - how wide is the definition of “financial arrangement” and what taxpayers will be impacted?
  • a practical application of the proposed rules
  • update on issues such as:
    • FX denominated bank accounts
    • short term foreign exchange gains/losses
    • at call loans
  • the continuing interaction of pre TOFA rules, existing TOFA rules and the proposed rules.
This was also presented by Fiona Cahill at the 'TOFA - Implications for SMEs' seminar held in Perth on 22 May 2007.

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Author(s)

Individual Session

Taxation of financial arrangements implications for SMEs

Author(s): Neil Ward
Materials from this session:

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Details

  • Published By: Neil Ward
  • Published On:16 Mar 2007
  • Event Name:TOFA - Implications for SMEs
  • Session Name:TOFA and SMEs
  • Read Time:3+ minutes
  • Took place at:City West Function Centre, West Perth

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