This TD released on Wed 16.7.2014, states that for the income year that commenced on 1 July 2014, the benchmark interest rate for the purposes of ss 109N and 109E of the ITAA 1936 is 5.95% (down from 6.20% per annum for 2013-14).

[LTN 135, 16/7/14]

Category: Tax Month - July 2014

Author: John Morgan

John Morgan is a tax specialist lawyer of more than three decades experience now practicing at the Victorian Bar - w: www.FJMtax.com e: f.john.morgan@vicbar.com.au