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  • 2018 completed issues

    The following public advice and guidance issues have been completed.

    [3821] Thin capitalisation: attribution of ADI equity capital and Controlled Foreign Entity equity

    Purpose
    To outline an approach in determining the amount of ADI equity capital and controlled foreign equity attributed by outbound investing entities.

    Outcome
    PCG 2018/1 published on 24 January 2018.

    [3895] Expenditure incurred in relation to abandonment, decommissioning and rehabilitation activities

    Purpose
    To set out whether abandonment, decommissioning and rehabilitation expenditure incurred on a part of a petroleum project prior to a project being completely closed down is characterised as general project expenditure (under section 38) or closing down expenditure (under section 39) of the Petroleum Resource Rent Tax Assessment Act 1987.

    Outcome
    TR 2018/1 published on 24 January 2018.

    Last modified: 30 Jan 2018QC 54468