Loans & Division 7A - Don't be caught out!
Published on 07 Sep 2006
| Took place at City West Function Centre, West Perth
Loans are seldom what they seem. Clients, Lawyers and Accountants all have different views on what loans are: everyday transactions, loans at law or the result of a series of journal entries. Does the ATO's view on pre-Division 7A loans help or merely add to the confusion?
This seminar stepped through the traps waiting for us in relation to Division 7A giving clear examples of the pitfalls.
Have you forgotten about Section 108? Can these payments still bite your clients? The Commissioner’s view on statute barred loans seems convenient, but can we rely on it?