The government has been grappling with a new regime to regulate the allowance of deductions where government bodies, other tax exempts and non-residents lease assets from private owners, are involved in certain financing transactions or where there is the private provision of public infrastructure. This session looks at where they are up to, including:
- How we got to the current position
- Some of the difficulties in applying the current legislation
- The new rules - how they should work
- Effective dates and the transition from s51AD & Div 16D to the new rules