ATOIDs – Capital Allowances, undeducted construction expenditure, related party non-commercial limited recourse borrowing [39]

The ATO on Fri 12.12.2014 released the following IDs:

• ATO ID 2014/37: Capital Allowances: capital works – construction expenditure – costs to build temporary roads and restoration costs;
• ATO ID 2014/38: Capital Works: undeducted construction expenditure – period where no capital works deduction is available;
• ATO ID 2014/39: Income Tax: non-arm’s length income – related party non-commercial limited recourse borrowing arrangement to acquire listed shares; and
• ATO ID 2014/40: Income Tax: non-arm’s length income – related party non-commercial limited recourse borrowing arrangement to acquire real property.

[LTN 241, 12/12/14]