Source: Taxation In Australia Journal Article
Published Date: 1 Dec 2020
The cash flow boosts should be brought to account as at the dates credited by the Australian Taxation Office. They are tax-free to their direct recipient, but taxable to shareholders when distributed by a company. However, the cash flow boosts are usually tax-free when distributed by a trust or partnership. Although trusts and partnerships can usually distribute the cash flow boosts tax-free, they should be credited to a cash flow boost reserve and not distributed.
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