On 10 December 2020, the Australian Taxation Office (ATO) released the final version of Schedule 3 to its Practical Compliance Guideline PCG 2017/4 (PCG 2017/4C5) in relation to outbound interest-free loans between related parties. There are also minor updates to the PCG’s other Schedules, reflecting the latest version of the ATO’s Reportable Tax Position (RTP) Schedule.

The final Sc…