Subscribe to our newsletter

Amendments to new rules on taxation of hybrid capital instruments

The government has published details of amendments to new rules on the taxation of hybrid capital instruments, which are designed to ensure they work as intended for instruments with a takeover or change of control clause.

Amendments to new rules on taxation of hybrid capital instruments
smsfadviser logo
  • Shared by the Accountancy Daily
  • September 18, 2019
share this article

Hybrid capital instruments are a form of debt with some features of equity. This can lead to uncertainty as to whether the payments under the hybrid instrument should be taxed as interest (which is typically deductible) or as distributions (which are not).

Read more at the Accountancy Daily.

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles