shopping_cart

Your shopping cart is empty

Division 245: The potential income tax cost of a forgiven debt paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 01 Dec 15 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

This paper covers:

  • debts subject to the rules
  • forgivness
  • gross forgiven amount
  • net forgiven amount
  • application of net forgiven amount
  • record keeping.

Author profile

Tristan Boyd FTI
Tristan Boyd, FTI, is a Special Counsel at Herbert Smith Freehills. He has more than 15 years’ practice in corporate tax and transactional matters, with broad expertise across income tax, stamp duty and GST and a focus on the natural resources and real estate sectors. His experience includes advising on tax issues for acquisitions and divestments, financing, joint ventures, farm-ins, and treatment of expenditure. Tristan holds a Bachelor of Laws and a Bachelor of Commerce with First Class Honours from the University of Western Australia, and a Masters of Taxation from the University of New South Wales. - Current at 14 May 2024
Click here to expand/collapse more articles by Tristan Boyd.

 

This was presented at Defuse the Ticking Time Bombs .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Division 245: The potential income tax cost of a forgiven debt

Author(s):  Tristan Boyd

Materials from this session:

Value Shifting: Navigating the minefield

Author(s):  Matthew Budge,  Andrew Howell

Materials from this session:

Division 7A: Pitfalls and traps

Author(s):  Tinashe Kamangira

Materials from this session:

Lessons from the litigation battlefield

Author(s):  Fiona HALSEY

Materials from this session:

Professional indemnity fundamentals

Author(s):  Phillip Keays

Materials from this session:

Managing issues and disputes with the ATO

Author(s):  Tracey Kelly,  Michael Tenace

Materials from this session:

Further details about this event:

 

Copyright Statement