Published on 08 Oct 09
by VICTORIAN DIVISION, THE TAX INSTITUTE
The recent changes to Division 7A giving the Commissioner discretionary powers is good news, yet present perplexing and difficult issues in practice. This paper considers the following:
the present UPE/Loan controversy
what the specific rules are relating to trusts
why is debt forgiveness a ‘sleeping giant'?
what is the Commissioner's discretion and how does it apply in practice
other problem areas and traps.
David is an Accredited Taxation Law Specialist and sits on the
Law Institute's Tax Law Advisory Committee. He has over fifteen
years experience in both the legal and accounting profession.
David is well known for interpreting complex tax laws and
applying them in a manner that clients can readily understand.
He applies his highly specialised skills in identifying and securing
the best commercial outcomes for his clients. He advises on
structuring issues, inbound and outbound investment, capital
gains tax, income tax audit matters, taxation of employee
benefits, FBT and succession issues. He also advises extensively
on GST issues relating to the property industry and insolvency
sector. Current at 19 October 2011
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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