Whether their owners realise it or not, companies large and small are affected by the loan relationship rules. The legislation is extensive and complex – over 400 sections (across CTA 2009, Pts 5-7). The rules apply to certain types of securities, financial arrangements and instruments – too many to mention - as well as to more mundane loans and other debts.
In the March issue of ‘Business Tax Insider’, Ken Moody selects some aspects of the loan relationship rules that may be relevant in an owner-managed business context.
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