Inter-Entity Loans and Forgiveness - August 2023 (3 Hours of CPD) 3 Hours CPD Maximising allowable deductions for both

Maximising allowable deductions for both business and non-business taxpayers

Cost base uplift denied by rollover relief

Documenting transactions such as share & unit transfers

The requirements of Australian Professional and Ethical Standard 225 – Valuation Services and applicable sections of IFRS 13

Employee for SG purposes – ATO’s Decision Impact Statements on recent cases

Inter-Entity Loans and Forgiveness - August 2023 (3 Hours of CPD) 3 Hours CPD Maximising allowable deductions for bothSometimes we have loans between our different entities and sometimes we want to forgive them. Prima facie that is a capital gain to one entity and a capital loss to the other. But of course there are integrity measures around entities that we must adhere to. In addition, the ATO has recently issued a Taxation Determination TD2022 1 they appeared to do a complete backflip from their interpretations detailed in their draft determination TD2019 D9. That