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Recorded Webinars
Recorded Webinar: Commercial Debt Forgiveness, Natural Love and Affection and the Tax Implications
The recent ATO determination relating to when the exclusion from the CDF rules will apply for reasons of natural love and affection, is a good opportunity to revisit the CDF rules along with looking into how the recent ATO guidance will apply. This session does just that, includi
PRESENTED BY
Burton Andrews
Associate Director - Tax, BDO
Date/Time
About the Webinar
The recent ATO determination relating to when the exclusion from the CDF rules will apply for reasons of natural love and affection, is a good opportunity to revisit the CDF rules along with looking into how the recent ATO guidance will apply. This session does just that, including:
- For the natural love and affection exclusion, does:
- the creditor have to be a natural person?
- the debtor have to be a natural person?
- How to determine if a debt is a commercial debt
- When will the creditor be entitled to a capital loss?
- What documentation should be maintained if a debtor is forgiven?
- When can Division 7A apply to a forgiven debt?
- Interaction of the CDF provisions if Division 7A applies
- Can the Commissioner’s discretion under section 109RB be a viable option to pursue when a forgiven debt is deemed be a Division 7A dividend?
- How does the statute of limitations apply to debts forgiven by a private company?
- Case studies
Presented By
Burton Andrews
Associate Director - Tax, BDOWho Should Attend?
This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.
CPD Information
Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.
Enquiries/Assistance
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]