Published on 21 Aug 98
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
Division 7A of the ITAA36 introduces a new regime for the treatment of advances , loans, and other credits by private companies to shareholders and thier associates. The forgiveness of debts owed by shareholders is also specifically dealt with. Mike James covers in detail of the new provisions and their effect in practice.
Current at 19 November 2004
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