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Notes Online Home 2015 Tax Hot Spots Whats NEW in 2015
The ATO issue fresh threat to companies accruing directors fees at year-end
This segment of the notes first provides background analysis regarding previous ATO guidance on the issue of accruing of directors’ fees, before then considering how the specific anti-avoidance provision in S.82KK of the ITAA 1936 may potentially apply toremove the ‘timing advantage’ associated with this strategy. The section concludes with some practical guidance intended to assist taxpayers to reduce their exposure under S.82KK.