Practical application of Div 7A to unpaid present entitlements.
11 Jan 11 |
Issue: December 2010
Pages: pp. 1, 22-23
This article discusses the Commissioner's approach to TR 2010/3, as outlined in PS LA 2010/4. In particular, this article looks at when UPEs described as loans can be self-corrected to avoid a deemed dividend and the options available for a UPE to be held on sub-trust for the sole benefit of the private company beneficiary and thus avoid Div 7A consequences.
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Clive is a Tax Partner with William Buck.
- Current at
09 June 2004