Miscellaneous 2005

Trusts - Workshop Two

Source: QLD

Published Date: 28 Sep 2005

 

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

Already a Subscriber? Login now

Loans from trusts to related parties can have significant taxation implications. They need to be monitored and reviewed in terms of the potential application of Division 7A, the debt forgiveness provisions and even Part IVA. Also there are a multitude of difficulties that have to be managed when trusts are varied or re-organised. This case study takes a practical look at the most significant issues to be aware of. Topics include:

  • Division 7A: Section 109XA-XC
  • traps for the unwary applying section 109 XB
  • debt forgiveness and debt /equity provisions
  • interest deductibility issues
  • what is a resettlement?
  • must a resettlement create an adverse capital gain result?
  • recent cases and Commissioner's statements.

Individual Session

Trusts - Workshop Two

Author(s): Damian O'Connor CTA , Clifford Hughes CTA
Materials from this session:

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 2005

Share this page