Since its introduction in 1997, Division 7A has become the focus of attention for anyone carrying on business through a company or trust. Whilst the provisions are relatively short, new issues continue to arise. This presentation examines:
- what are the common bug bears with Division 7A and where have people been going wrong?
- what are the best structures to use to manage exposure to Division 7A?
- how to use corporate beneficiaries for accumulating lifestyle assets
- what are the recent developments by the ATO and Treasury?