Division 7A is currently at the forefront of the ATO’s audit activities. In addition, numerous legislative changes are afoot relevant to the operation and mechanics of Division 7A.
This webinar offers a comprehensive overview of the scope and application of Division 7A with a particular focus on proposed changes and Div 7A’s application to trusts bearing unpaid present entitlements (UPEs) in favour of corporate beneficiaries.
Topics Covered
- The Div 7A legislative framework
Application of Div 7A to interposed entities
- Specific instances when a UPE in a trust gives rise to a Div 7A sanction
- Scenarios and strategies for UPEs not to trigger Div 7A
- Effective quantification of a company’s distributable surplus
- Issues in unwinding sub-trusts and loan structures set up pursuant to Taxation Ruling 2010/3
- Government’s proposed changes to Division 7A
Learning Objectives
The webinar is intended to provide comprehensive coverage of framework and impact of Division 7A for advisors who are engaged in advising private company groups on appropriate operational and corporate structures, including managing tax risks associated with private company loans, payments and UPEs.
Recorded on Friday 28 April 2022
Presented by: Frank Drenth
1 CPD Hour