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  Miscellaneous 2005

TOFA for the SME sector

Source: TAS

Published Date: 14 Oct 2005

 

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Many practitioners believe that the TOFA reforms involve issues that are the domain of the 'Big end of town'. However, the reality is that these reforms can also impact how SMEs are required to treat certain transactions for tax purposes. This paper addresses:

  • what is the current status of TOFA reforms:
    • debt/equity 'at call loans'
    • foreign exchange gains and losses
  • illustrative examples
  • carve out rules for small and SME clients
  • likely direction of future TOFA reforms around financial assets and liabilities.
Author(s)

Individual Session

TOFA for the SME sector

Author(s): Gary Christie
Materials from this session:

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Details

  • Published By: Gary Christie
  • Published On:14 Oct 2005
  • Took place at:Doherty Resort, St Helens

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