shopping_cart

Your shopping cart is empty

Q & A: At Call Loans to Private Companies - profits first by stealth

Published on 01 Jun 04 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Informal at call loans from shareholders to companies pose a threat, particularly when it comes time for the company to repay the loan. In many cases, it seems, the repayment of a loan could be treated as a dividend. The 'profits first' rule may yet find its way into the tax system.

Author profile

Andrew O'Bryan CTA
Photo of author, Andrew O'BRYAN Andrew is a senior Tax Partner at Hall & Wilcox Lawyers. He has nearly 35 years experience giving expert tax advice to private business and wealthy family groups. He has particular expertise in the tax aspects of succession planning and in managing complex disputes with the ATO. - Current at 04 January 2018
Click here to expand/collapse more articles by Andrew O'BRYAN.

 

Copyright Statement
click to expand/collapse