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.