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Tax issues when forgiving debts 2026

3 Sep 2026 12:00PM – 1:15PM AEST
Income & deductions

$215.00 +GST

Audience

This training is recommended for all:

  • Accountants working in public practice
  • All practitioners working with tax
Audience

Learning outcomes

On completion, participants will be able to explain:

  • When creditors can claim bad debt deductions and the steps that need to be taken
  • The common issues for a lender when forgiving loans and claiming capital losses
  • The tax consequences when writing off an unpaid trust distribution
  • When a forgiven debt can become assessable to the borrower
  • The complex commercial debt forgiveness rules and how these rules impact the borrower
  • How to work through the Division 7A and FBT provisions when shareholders and employees are involved
  • How to deal with the GST adjustments for both parties
Learning outcomes

Relevancy

This webinar will be presented live 03/09/2026.

Relevancy

CPD hours

If claiming CPD hours, this course provides 1.25 Legislated CPD hours, the breakdown is as follows:

  • Tax (financial) advice: 1.25 CPD hours
CPD hours

When economic conditions become more challenging, it is increasingly common for debts to be forgiven and practitioners will often be called upon to provide advice in this area. This essential webinar navigates the tax rules for both the lender and the borrower when debts are waived or forgiven or are left outstanding for an extended period of time.

Clients who have waived or forgiven debts owed by other parties normally assume that they can claim a tax deduction or capital loss, but this isn’t always the case. The Tax issues when forgiving debts webinar looks at the conditions that need to be satisfied for the creditor to access tax relief for the genuine economic loss that they have suffered.

From the borrower’s perspective, we look at when a forgiven debt needs to be included in assessable income and the complex tax implications that can potentially arise under the commercial debt forgiveness rules.

There are often other tax consequences that need to be considered when debts are being waived or forgiven. We look at when GST adjustments arise, Division 7A issues on shareholder loans and FBT issues on employee loans.

Registration includes:

  • 1.25 hour live online event with opportunity to ask questions of the presenter
  • 1.25 accredited CPD hours from the SMSF Association/Financial Advice Association of Australia
  • 3 months access to [Q&A embedded] webinar recording / Recording and materials available to access for 3 months after the event
  • Reference guides, slides and case studies
Tiffany Douglas

Presented by

Tiffany Douglas
Tax Training Team Leader
TaxBanter

This webinar is presented by our partners at Knowledge Shop.

Can't attend all sessions live?

It's ok, we provide recordings of all the live sessions so you can catch up later on at a time that suits you. You will have access to the slides and recordings for three months after each event.

Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The General Terms and Conditions can be accessed here.