The ATO’s proposed treatment of unpaid present entitlements: part 2

A Matter of Trust

Taxation in Australia

This is the second of a two-part series discussing the proposed treatment of unpaid present entitlements (UPEs) by the Australian Taxation Office (ATO). Part 1 (published in the August issue of the journal) discussed the proposed treatment of UPEs for the purposes of bad debt write-offs and Div 7A. Part 2 considers TR 2015/D2 which discusses UPEs in the context of the maximum net asset value test (MNAV).1

Download the full paper to continue reading: The ATO’s proposed treatment of unpaid  present entitlements: part 2