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A collection of updates, articles and papers written by The Little CFO & The Little CFO Legal

Debt Forgiveness ATO TD 2022/1

💛 Debt forgiveness for reasons of “love and affection” — The ATO has released Tax Determination TD 2022/1 which provides that for the purposes of the commercial debt forgiveness rules, the exclusion for debts forgiven for reasons of natural love and affection require that the creditor be a “natural person”. 👤




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View the full TD 2022/1:



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