The Australian Taxation Office has provided guidance on the approved form for taxpayers to make a choice on using the group ratio test or the third-party debt test.
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Thin capitalisation test choices – approved form
Complete this form to make a choice to use the group ratio test or the third party debt test for your entity.
What this form is for
Use this approved form when making a choice to apply the group ratio test or third party debt test pursuant to Division 820 of the Income T…