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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.

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Andrew O'Bryan CTA
Photo of author, Andrew O'BRYAN Andrew is a senior tax partner at Hall & Wilcox Lawyers. He has over 25 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 Australian Taxation Office. - Current at 01 May 2017
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