This practical panel session featuring senior tax professionals from the ATO and advisory discussed the key practical issues, outcomes and challenges with the new law, including those associated with:
- Transitioning to the new thin cap rules
- Their interaction with the transfer pricing rules as to quantum of debt
- Understanding the new debt deduction creation rules (especially as they apply to pre 1 July 2024 transactions); and
- Navigating the new third-party debt test.