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Trust Loans - what to watch out for presentation

Published on 19 Jul 05 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Loans f rom trusts to related parties can have significant taxation implications. They need to be monitored and reviewed in terms of the potential application of Division 7A, the debt forgiveness provisions and even Part IVA. This presentation takes a practical look at the most significant issues to be aware of . Topics include:

  • Division 7A: Section 109XA-XC
  • debt forgiveness provisions
  • interest deductibility issues
  • Part IVA - potential application.

Author profile:

Terence Lewis CTA
In a previous life, Terry worked for the Australian Taxation Office, in the income tax audit area. When he left the ATO in 1994 Terry became a tax manager with KPMG Peat Marwick where he developed as a specialist in tax matters relating to business enterprises. His knowledge and experience spans a broad range of tax and structuring issues relating to business enterprises, including capital gains tax, Division 7A (shareholder loans and payments), Superannuation and GST. Terry left KPMG in December 2006 to set up the chartered accounting firm Lewis Richmond, which merged with William Buck in November 2012. He is now a Director with William Buck in the Business Advisory area. Current at 10 September 2014 Click here to expand/collapse more articles by Terry LEWIS.
 
Individual sessions

Trust Loans - what to watch out for

Author(s):  Terry LEWIS

Materials from this session:

Tax Update - July 2005

Author(s):  Julie CAZZOL

Materials from this session:

Further details about this event:

 

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