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104417
Individual Podcasts

The Tax Implications of Debt Funding and Refinancing in a High Interest Rate Environment

The progressive recent increases in interest rates has changed the landscape for business entities on a number of fronts. Other than the fundamental side effect of the increased rates eating into profits, there are also several tax considerations to be mindful of. This session exp

Date/Time

About the Podcast

The progressive recent increases in interest rates has changed the landscape for business entities on a number of fronts. Other than the fundamental side effect of the increased rates eating into profits, there are also several tax considerations to be mindful of. This session explores the issues, including:

  • The ATO’s increased scrutiny of the tax treatment of refinanced debt and how the interest calculations should be performed (TR 2000/2)
  • The impact of the ATO’s increased adjusted interest rate requirements for:
    • strategies to comply with Division 7A
    • SMSFs and limited recourse borrowing arrangements (PCG 2016/5)
    • FBT calculations involving the statutory interest rate
  • Tips, traps and tax consequences of just relying on the accounting journal:
    • to write off associated entity loans
    • to convert debt to equity
  • Practical examples

Presented By

Matthew McKee
Partner, Brown Wright Stein Lawyers Sydney, NSW

Matthew McKee is an experienced tax and superannuation lawyer who regularly provides tax and commercial related advice to accountants, financial planners, small to medium enterprises and private clients. Matthew has a particular expertise in New South Wales state taxes (duties, payroll tax and land tax) but advises on all aspects of taxation law, including income tax, capital gains tax (CGT), GST and the SIS Act.

Matthew has experience in resolving of taxation disputes, including:

  • Managing Australian Taxation Office (ATO)/ Revenue NSW audits and investigations, voluntary disclosures;
  • Preparing taxation objections and private ruling applications;
  • Conducting tax litigation in the Administrative Appeals Tribunal and Federal Court of Australia, the NSW Civil and Administrative Tribunal and Supreme Court of New South Wales; and
  • Negotiating settlements and payment arrangements with the ATO and Revenue NSW.

Matthew also provides advice on trusts and structuring as well as commercial issues including asset and business acquisitions and disposals, share sale agreements, shareholder and joint venture agreements.

CPD Information

0.3 CPD hours

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact us, on (03) 8601 7700 or email: [email protected]

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