The Commissioner released Draft Determination TD 2019/D9, proposing to rule that the commercial debt forgiveness exclusion – for natural love and affection – must be human – conflicting with earlier ATO IDs about companies. They seek comments by 1 November 2019.

See below for the ruling and commentary.

FJM 6.10.19

[Tax Month – September 2019]

SIGN UP (free trial)

or

LOG IN

About the author