Tectonic amendments to Division 7A have been proposed for around three years, with very little detail, making it extremely difficult for practitioners to properly advise their clients.
At this seminar Tax Partner Andrew Noolan will recap the amendments and highlight the issues in the existing Division 7A provisions to assist you in advising your clients.
The session will include:
1. What we know of the proposed changes from the consultation paper and how to plan for them, including:
- loan terms;
- sub-trusts;
- statute barred amounts and pre-4/12/97 loans; and
- pre 16/12/09 UPEs.
2. Issues with the existing Division 7A terms, including:
- repayment that get disregarded;
- interposed entity rules; and
- unitisation arrangements.
Join us as we prepare for the unknown!
