Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$83.60
Document Type
Chapter
Pages
38
Notes Online Home 2019 Tax Schools Day 2 Government set to overhaul the dividend 7A deemed dividend rules
In this chapter of the seminar notes we discuss the government’s set to overhaul the dividend 7A deemed dividend rules:
• NTAA guide to the proposed new simplified loan requirements under Division 7A
• Proposed change removes the concept of distributable surplus from Division 7A
• Proposed change aimed at closing valuable debt forgiveness loophole from 1 July 2020
• Preparing from the proposed Div. 7A loan rules
• How are unpaid trust distributions to bucket companies treated under the proposed rules?
• Proposed new rules offer safe harbour for the use of company assets
• Other issues for shareholders to consider under the proposed new rules
• NTAA precedent letter to advise clients of the proposed Division 7A changes