Division 7A continues to be a significant consideration when advising or attending to the affairs of a private company and it is vital to have an up-to-date reference which is devoted to the practical operation of the provisions.
The Division 7A Handbook is out now in a completely revised and updated eighth edition, published November 2017.
Matters covered include:
- a list of the amendments proposed to Div 7A which have been announced and are to apply from mid-2018;
- TD 2015/20: whether a release by a private company of its unpaid present entitlement is a “payment” for the purposes of Div 7A;
- TD 2015/18: what the lodgment day is for a private company that is a subsidiary member of a consolidated group;
- PCG 2017/13: how unpaid present entitlements under sub-trust arrangements maturing in the 2017 or 2018 income years are to be treated; and
- the benchmark interest rates.
Key features and benefits:
- checklists identifying both problems and possible solutions
- examples and precedents reflecting the current law and ATO practice
- explains the interaction of Div 7A with other areas of law, such as FBT and family law
- gives guidance on what to do if a problem is discovered.
Annual online subscription service includes:
- 12 months of access to the online book,
- interactive eLearning with reference links back to the online book (3 CPD hours).
Written by John Gaal, TaxCounsel. Law stated as at 24 September 2017.
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