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Division 7A - What you need to know

Published on 02 Jun 2011 | Took place at Kooyong Lawn Tennis Club, Kooyong , VIC

The last 12 months has seen Division 7A become a significant area of focus for taxpayers and their advisors as a result of numerous developments including:

  • the recent release of taxation ruling TR 2010/8 and draft practice statement PS LA 2843 in respect of the Commissioner’s discretion in section 109RB
  • the introduction of Sub-division EB which extends the operation of Division 7A
  • the release of taxation ruling TR 2010/3 and practice statement PS LA 2010/4 which relates to trusts and unpaid present entitlements of companies.

This event provided tax advisers with a practical analysis of these significant developments to the operation of Division 7A including providing insight into the operation of section 109RB, the practical considerations and implications of the recent ATO position in respect of trusts and unpaid present entitlements in favour of companies and finally alternative structuring options that may be available such that the relevance of Division 7A is significantly reduced.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Draft PSLA 2843 - Exercise of the Commissioner's discretion under Section 109RB

Author(s):  Mathew UMINA,  Andrew O'BRYAN

This presentation covers:

  • overview of Section 109RB
  • administrative law principles
  • does Division 7A apply?
  • administrative review.

 

Materials from this session:

The Division 7A challenges for trusts in 2011

Author(s):  Greg NIELSEN

This paper covers:

  • practical guide to 2010 UPEs - Background
  • case studies.
Materials from this session:

Restructuring: The antidoate to UPE woes?

Author(s):  Jeffrey CHANG

This paper covers:

  • setting the scene
  • the trading company: Pros & cons
  • CGT impact
  • restructuring strategy.
Materials from this session: