Following our advice last week we am pleased to announce the release of our Analysis Tool. The tool provides an accurate assessment of what is required for an existing loan to satisfy the Practice Compliance Guideline for related party limited recourse loans. As an indication of the potential problems and solutions available we have applied the calculator to one of the examples published in the Guidelines.
Related Party LRBA Balance Check
Overview In view of the draconian provisions of the non-arm’s length income rules, the administration of related party...