2008

Division 7A: Practitioner / ATO Perspective

Source: South Australia

Published Date: 6 Feb 2008

 
The recent amendments to Division 7A that have introduced a new discretion for the Commissioner to disregard its operation are an exciting step in the right direction for taxpayers and their advisers.

This session covered a brief history of Division 7A and then gave an overview of the new rules and highlighted a number of practical considerations in working with the new rules both retrospectively and moving forward. The ATO was represented by an officer from their Division 7A specialist unit to provide feedback on their interpretation of the new rules with particular reference to Practice Statement PS LA 2007/20.

2007 Division 7A amendments

Author(s): Terry Lewis

Details

  • Published On:6 Feb 2008
  • Took place at:Sebel Playford, Adelaide

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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