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Recorded Webinars
Recorded Webinar: Division 7A: There's More to it Than Meets the Eye
The ATO is stepping up its audit activity and from all accounts has the division 7A interposed entity rules firmly in its sights. Practitioners may be surprised at the type of scenarios these rules encompass. This session explores the workings of this piece of legislation, includi
PRESENTED BY
Damian O'Connor
Principal Chartered Tax Advisor, Tax
Date/Time
About the Webinar
The ATO is stepping up its audit activity and from all accounts has the division 7A interposed entity rules firmly in its sights. Practitioners may be surprised at the type of scenarios these rules encompass. This session explores the workings of this piece of legislation, including:
- Section 109T ITAA 1936 explained
- What is the “reasonable person” test?
- Factors the Commissioner takes into account when applying section 109T
- What if the payment or loan from a private company to interposed entity is an ordinary commercial transaction? (TD 2018/13)
- Calculating the amount of a deemed dividend under section 109T
- A private company guarantee is called on to pay a Bank loan of a defaulting shareholder:
- what are the tax implications?
- are there any exclusions?
- How does the ‘no potential deemed dividend’ rule for company to company payments or loans under section 109K interact with 109T?
- Distributable surplus rules in section 109Y and negative net assets in the company - when can the distributable surplus formula give some unusual results?
- Practical examples and case studies
Presented By
Damian O'Connor
Principal Chartered Tax Advisor, TaxWho Should Attend?
This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.
CPD Information
Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.
Enquiries/Assistance
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]