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.
Andrew O’Bryan FTIA is the Head of Taxation, Superannuation, and Family Business and Wealth
Management Practice Groups at Hall and Wilcox. Andrew provides advice on the application of a wide
range of taxation matters including income tax, FBT, CGT, tax audits, structuring and restructuring of
business and transactions, superannuation, state equivalent tax regimes, retirement planning, business
succession, estate planning, liquidations and reconstructions, and corporatisation and privatisation.
Current at 11 March 2009
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