Recorded Webinar: Commercial Debt Forgiveness, Natural Love and Affection and the Tax Implications
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]