Division 7A loan repayments: Part 2
Source: Taxation In Australia Journal Article
Published Date: 1 Nov 2020
In part 1 of this article, the author discussed the common practice of making the minimum annual Div 7A loan repayment by way of setting off against a dividend declared by the company. Risks, albeit low, arise where minutes documenting the resolution to declare the dividend are filed late, or the distribution statement is provided late to shareholders. In part 2, the author considers circumstances where the particular structure does not naturally provide for the creation of mutually opposing obligations for set-off between lender and borrower.
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Details
- Published By: David Montani
- Published On:1 Nov 2020
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