Division 7A Miscellaneous 2022

Division 7A

Source: South Australia

Published Date: 23 Mar 2022

 

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This paper covers:

  • Brief recap on why Division 7A exists
  • Loan repayments by direct set-off against a dividend
  • What if the minutes or dividend statement are prepared late?
  • Compromise the minimum annual repayment?
  • Loan repayments by round-robin set-off against a dividend
  • Circular round of payments by journal entries
  • Not legally effective payments - Division 7A breach!
  • ATO's position
  • Asset protection risk
  • Solutions and
  • Practical examples.

Individual Session

Division 7A

Author(s): Tim Edgecombe CTA

Details

  • Published By: Tim Edgecombe CTA
  • Published On:23 Mar 2022
  • Took place at:Adelaide Oval

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