ato logo
Search Suggestion:

Part O (for companies only)

Last updated 3 March 2016

During the income year, did the company have a share in, or a loan to, an associated company which, under a scheme (as defined) entered into before 27 June 2002, either:

  • forgave a debt owed by another company under common ownership, or
  • suffered a substantial and permanent reduction in the value of the debt owed to it by the other company under common ownership?

Print Y for yes or N for no at P.

If the answer at P is yes, show at Q the total amount by which the company reduced the cost bases of all its shares and loans to the associated company.

During the income year, did a CGT event happen to a share held by the company in an associated company, where the associated company had previously owed a debt to a company under common ownership and that company under common ownership either forgave the debt or suffered a permanent and substantial reduction in the value of the debt?

Print Y for yes or N for no at R.

If the answer at R is yes, show at S the total amount by which the company adjusted the cost bases of all its shares in the associated company to which a CGT event happened.

QC27527