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Loan Account Issues for Companies, Trusts & Individuals presentation

Published on 15 Apr 03 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This presentation provides a review of the key tests and traps that advisors need to consider when planning and accounting for transactions between companies, trusts, and individuals including:
- a quick refresher on the rules that relate to loans between companies, trusts and individuals
- how loans by trusts can be caught by the company debit loan account rules
- how loans by companies to individuals through interposed entities can be caught
- how section 109UB applies where a trust distributes profits to beneficiary companies and loans cash to individuals
- how dividend policies and loan agreements can be used to manage loan account problems
- actions for consideration before 30 June 2003 in relation to loan accounts.

Author profile:

Paul Holman CTA
Paul is a Partner at Deloitte Private and specialises in helping clients understand and comply with accounting, taxation and other legislation requirements relevant to their businesses. Paul has a particular interest in the agribusiness sector. Having grown up on Eyre Peninsula and currently managing a property at Bordertown, Paul has a wealth of knowledge and experience unique to this particular industry. Current at 02 August 2011
 
Individual sessions

Tax Update

Author(s):  John HOOD,  John McCOURT

Materials from this session:

Loan Account Issues for Companies, Trusts & Individuals

Author(s):  Paul HOLMAN

Materials from this session:

Further details about this event:

 

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