The aim of this course is to provide an insight into the tax consequences of debt write-offs. It is designed to help consultants provide advice to clients. This will focus on: • Tax consequences when debts go bad The primary focus is the income tax consequences to the issuer and will cover the following sections: • Understand what is meant by “debt compromise resulting in a debt benefit” • Understand the consequences of such a debt compromise • Understand which exemptions are available • A review of the administrative requirements of s19 and para 12A. • Understand how the relationship between the holder and issuer can impact the tax consequences.