Miscellaneous 2005

Forgiven not forgotten

Source: National

Published Date: 18 Mar 2005

 

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This paper covers debt forgiveness - the current state of play. Including:

  • what will constitute a debt forgiveness?
  • what will not constitute a debt forgiveness?
  • what should not constitute a debt forgiveness?
  • consequences of a debt forgiveness - taxable income or Schedule 2C?
  • the approach of the ATO
  • what type of situations are most likely to be attacked by the ATO?
  • unresolved issues.

Individual Session

Forgiven not forgotten

Author(s): Michael Hine
Materials from this session:

Details

  • Published By: Michael Hine
  • Published On:18 Mar 2005
  • Took place at:Perth Convention Exhibition Centre, WA

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Miscellaneous 2005

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