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100708
Recorded Webinars

Recorded Webinar: Loan Accounts - Can't You Just Forgive and Forget?

It is not uncommon to have loan account balances to or from directors, shareholders or associated parties, apparently harmlessly building up over a number of years in the balance sheet of trusts and companies. But are these loan balances really harmless? This session explores the
PRESENTED BY Jenna Woon Director - Tax - BDO , Sydney

Date/Time

About the Webinar

It is not uncommon to have loan account balances to or from directors, shareholders or associated parties, apparently harmlessly building up over a number of years in the balance sheet of trusts and companies. But are these loan balances really harmless? This session explores the issue, including:

  • Have you dotted the “i's” on loans with:
    • UPE and Division 7A requirements?
    • sec. 100A implications?
  • Do amendment periods help with Division 7A and sec. 100A issues?
  • Does the statute of limitations apply to private company and trust loans to and from associates, and if so:
    • is this considered a debt forgiveness?
  • The commercial debt forgiveness rules, including:
    • what is a “commercial debt”?
    • what are the inclusions and exclusions?
    • when timing of forgiveness can matter if a loan forms part of an estate (ATO ID 2012/77)
  • How the commercial debt forgiveness rules interact with:
    • Division 7A
    • fringe benefits tax and the debt waiver rules
  • Practical examples

Presented By

Jenna Woon
Director - Tax, BDO Sydney, NSW

Jenna is a Chartered Accountant and BDO corporate & international tax adviser with over 11 years’ experience providing taxation services to clients ranging from listed multinationals to large private family groups.

In addition to tax advisory and compliance services, Jenna has extensive experience in dealing with digital assets including cryptocurrencies, digital transformation and automation, tax governance, capital management, corporate restructures including mergers & acquisitions, IPOs, risk reviews and audits with the Australian Taxation Office.

Jenna is highly regarded by clients and colleagues because she listens attentively and delivers quality tax solutions specifically tailored to their business needs.

Who 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. 

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]

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