Do you have a client with a company that borrows from related parties?
On 15 July 2005, the Assistant Treasurer announced various proposed changes relevant to the impact of the debt/equity regime on 'at call' loans. Just when you thought you only needed to focus on debit loans by companies to shareholders and associates, from 1 July 2005, you may also need to also focus on credit 'at call' loans into companies. By ignoring the debt/equity taxation regime, your clients' ability to extract cash from their own companies can be significantly restricted or result in significant taxation liabilities.
These seminar materials will let you find out if and how your client will be impacted and the practical strategies for consideration.