EV 1052229605552currentnon-binding advice

Income tax - debt equity rules and application of Division 974 The Commissioner was asked a series of

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.

in relation to the application of subsection 974-15(1), section 974-20 and section 974-80 of the Income Tax Assessment Act 1997 , and Division 11A of the Income Tax Assessment Act 1936. The Commissioner has ruled on each of these questions.