Published on 24 May 07
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Since its introduction in 1997, Division 7A has become the focus of attention for anyone carrying on business through a company or trust. Whilst the provisions are relatively short, new issues continue to arise. This paper examines:
- what are the common bug bears with Division 7A and where have people been going wrong?
- what are the best structures to use to manage exposure to Division 7A?
- how to use corporate beneficiaries for accumulating lifestyle assets
- what are the recent developments by the ATO and Treasury?
Gil is a Principal of MGI Sydney. With over
40 years’ experience in tax consulting he specialises in providing
advice to both clients and other practitioners in the SME segment,
particularly on the CGT issues associated with mergers and
acquisitions. Gil is a past President of The Tax Institute and current
President of the Asia Oceania Tax Consultants Association.
- Current at
30 March 2017