<div data-elementor-type="wp-post" data-elementor-id="1013042" class="elementor elementor-1013042" data-elementor-post-type="post"> <div class="elementor-element elementor-element-4eca6ee2 e-flex e-con-boxed e-con e-parent" data-id="4eca6ee2" data-element_type="container" data-e-type="container"> <div class="e-con-inner"> <div class="elementor-element elementor-element-42832997 elementor-widget elementor-widget-text-editor" data-id="42832997" data-element_type="widget" data-e-type="widget" data-widget_type="text-editor.default"> <p>In this episode of Tax Yak, Tiffany Douglas chats with colleague George Housakos, senior tax trainer at TaxBanter, about a significant issue facing the tax profession from 1 July 2025: taxpayers will no longer be able to claim an income tax deduction for ATO interest charges.</p><p>George is a CPA and brings over 25 years of tax expertise, including 20 years at the Australian Taxation Office where he specialised in disputes and interpretative advice. He also has substantial experience in training and assessment within the TAFE sector. George is well known for his practical and pragmatic approach to providing taxation and superannuation advice.</p><p>This podcast explores the challenges businesses must address when financing their activities. For further insights, consider signing up to TaxBanter’s special topic on “<a href="https://www.accurium.com.au/product/financing-business-activities/">Financing business activities</a>,” which will examine the various forms of debt and equity financing, as well as their tax implications. Topics covered include:</p><ul><li>The debt-equity rules</li><li>Hire purchase versus lease finance</li><li>Leases of luxury cars</li><li>Commercial bills</li><li>Working capital funding</li><li>Non-recourse debt</li><li>Loans between related parties</li><li>Refinancing</li></ul><p><strong>Listen to Episode 70:</strong></p><p></p><p></p> </div> </div> </div> </div> <p>The post <a href="https://www.taxbanter.com.au/episode-70-denying-tax-deductions-for-ato-interest-charges/">Episode 70: Denying tax deductions for ATO interest charges</a> appeared first on <a href="https://www.taxbanter.com.au">TaxBanter</a>.</p>