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Settling private group loans and payables paper
Published on 28 Mar 19 by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper covers:
- beyond the books: more is required
- what is debt and when is one forgiven?
- ordinary treatment of forgiven amounts
- the relationship between capital gains tax and commercial debt forgiveness
- capital gains tax.
Author profile
Timothy Stokes FTI
Timothy Stokes, FTI, is a partner at HWL Ebsworth Lawyers and is a tax, not-for-profit and charity law specialist. Tim works with complex family groups, private and listed companies, private equity and not-for-profit organisations across Australia. He has over 18 years of experience assisting clients to establish effective and efficient structures, manage complex tax positions, buy and sell assets and businesses, deal successfully with revenue authorities and design and implement comprehensive governance, succession planning and asset protection strategies. Tim is also a director of a number of NFP organisations and is the Co-Chair of the ATO's Not-For-Profit Stewardship Group (the ATO's key consultative body to the NFP and charity sector). - Current at 15 May 2025
This was presented at SME/Private Clients Day 1 .
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