Australia Delays Property-Finance Guidance, Seeks Land-Tax Input

Australia delayed planned guidance on inbound related-party financing by private groups in the property and construction industry.

The guidance will now be completed in August, the Australian Taxation Office said on its website. The office previously said it was expected in June.

The guidance is aimed at helping property and construction groups comply with their obligations and mitigate tax risks associated with their financing arrangements, the ATO said. It will be accompanied by examples of inbound related-party financing arrangements in the ATO’s database.

In inbound related-party financing, an Australian taxpayer borrows or receives other financing from a corporate affiliate ...