Introducing Hall Chadwick's Thin Capitalisation 2024 Paper
Your go-to resource for understanding the significant changes to Australia’s thin capitalisation rules.
With new legislation passed in April 2024, these updates are designed to strengthen compliance, address risks of excessive debt deductions, and align interest expenses with ‘cash’ profits.
In this edition, we break down key updates, including:
- Preliminary Observations on Thin Capitalisation Rules
- Fixed Ratio Test
- Group Ratio Test
- Third Party Debt Test
These insights are critical for businesses navigating the new rules that apply from 1 July 2023 onwards.
If you’d like to understand how these changes impact your business, get in touch with Hall Chadwick’s Corporate Tax experts today.