2003

Interest Deductibility

Source: Western Australia

Published Date: 19 Sep 2003

 
Significant recent cases post Steele's case (notably Spassked, Firth and Hart) and important Government announcements, prompt this timely re-focus on the character of interest and the criteria for its deductibility.

This seminar explored the latest cases and judicial exposition of the rules for deductibility of funding costs, taxation and product rulings, and legislation.

Topics covered included:
- the characteristics of interest (revisited)
- the required connection(s) for deductibility
- start-up, cessation and apportionment issues
- applying the rules to exotic instruments, capital protected loans and split loans.

The aim of the seminar was to rigorously analyse the principles of interest deductibility, with an emphasis on real-time issues of current concern, and particularly their relevance to prepayments of financing costs at year-end.

What are the principles and have they changed?

Author(s): Robert K O'Connor KC FTI-Life

Apportionment Issues

Author(s): Martin Keating

Applying the Principles to Exotic Instruments

Author(s): Russell Garvey

Details

  • Published On:19 Sep 2003
  • Took place at:City West Function Centre, West Perth

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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