Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  Miscellaneous 2006

Division 7A - what you probably didn't want to know

Source: Western Australia

Published Date: 7 Sep 2006

 

This presentation seeks to:

  • provide a brief history of s 108 and Division 7A
  • draw upon history to help us understand the current application of both s 108 and Division 7A
  • consider what ‘loans’ are subject to Division 7A and the characteristics of such loans with special reference to the role of trusts and the concept of present entitlement in Division 7A
  • consider what is meant by distributable surplus as defined in s 109Y(2) of the Act and what help we may find in consideration of the term profit in the history of s 108 of the Act
  • consider the Commissioners Practice Statement PS LA 2006/2 and the treatment of statute barred loans
  • examine some common mistakes in the interpretation and application of Division 7A and some unanswered issues or maybe opportunities.

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Subscribe Now

Already a Subscriber? Login now

Author(s)

Individual Session

Loans and Division 7A - Don't be caught out!

Author(s): Syd Jenkins
Materials from this session:

Download

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2006

Share this page