The Australian Taxation Office has issued a notice providing tips for private groups looking to claim debt deductions.
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Private groups the tax rules you could be missing
Do you claim debt deductions, like interest? The thin capitalisation and debt deduction creation rules may apply to you.
When preparing your tax return, make sure you check if the thin capitalisation and debt deduction creation rules (DDCR) apply.
These rules now affect more private groups and their associates, fol…