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Loan Account Issues for Companies, Trusts & Individuals

Published on 15 Apr 2003 | Took place at AMF Centre, Glenside , SA

Advisors dealing with the taxation treatment of loan accounts between companies, trusts, and business owners need to consider carefully the status of client loan account transactions and balances, particularly as we approach 30 June 2003.

Individual sessions

Tax Update

Author(s):  John HOOD,  John McCOURT This Tax Update presentation covers all tax changes that occurred in March 2003.

Materials from this session:

Loan Account Issues for Companies, Trusts & Individuals

Author(s):  Paul HOLMAN This presentation provides a review of the key tests and traps that advisors need to consider when planning and accounting for transactions between companies, trusts, and individuals including:
- a quick refresher on the rules that relate to loans between companies, trusts and individuals
- how loans by trusts can be caught by the company debit loan account rules
- how loans by companies to individuals through interposed entities can be caught
- how section 109UB applies where a trust distributes profits to beneficiary companies and loans cash to individuals
- how dividend policies and loan agreements can be used to manage loan account problems
- actions for consideration before 30 June 2003 in relation to loan accounts.

Materials from this session: