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Notes Online Home 2016 Tax Hot Spots II What's New
Taxpayer caught out in ‘problematic’ Division 7A decision
In this segment of the notes we examine the taxpayer that was caught out in ‘problematic’ Division 7A decision. In particular, the following:
- Background to Division 7A loans
- When is an advance a loan?
- Recent decision highlights need for contemporaneous loan documentation
- How does the decision in Rowntree affect family companies?