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How is your practice dealing with intra group debt? presentation

Published on 15 Nov 05 by TASMANIAN DIVISION, THE TAX INSTITUTE

This presentation pulls together a number of issues relating to loans - looking at them from a different direction/angle including:

  • no-doc loans between closely held entities
  • section 109XB
  • practical requirements for dealing with at-call loans (No 4 Measures Act)
  • other at call loan issues for SMEs
  • impact of recent cases on interest deductions
  • redraw facility for private purposes - interest deduction apportioned - AAT[2004] Domjan v FCT
  • the impact of Consolidation on loans between closely held entities.

Author profile

Christopher Wallis
Chris Wallis, CTA, Barrister and Accredited Mediator has over 35 years in practice. Chris’ has earned reputation for achieving satisfactory outcomes for clients in long and difficult disputes with revenue authorities by doing the “hard yards” and without having his clients enter the witness box. Day to day Chris’ work involves working with practitioners to fend off the TPB; SMSF members/directors to fend off the Regulator; and family lawyers and accountants in a relationship breakdown to trace assets and identify tax exposures. Chris provides easily read and comprehensive advice in relation to trusts or real property and is a regularly published author. Over 35 years Chris has delivered more than 150 presentations around Australia for the various professional bodies, the Australasian Tax Teachers Association, the Television Education Network, the Tax Bar Association, and the late Gordon Cooper’s Problems in Practice. - Current at 23 July 2024
Click here to expand/collapse more articles by Chris WALLIS.

 

This was presented at Tasmanian State Convention: Don't let this one get away! .

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