When a company becomes presently entitled to trust income, it is imperative that the rules in Division 7A are front and square in the minds of the trustees and their advisors.  

This importance has been taken up a notch by the ATO’s Taxation Determination TD 2022/11. This seminar explores the workings of Division 7A and unpaid present entitlements, providing tips and traps to be mindful of, including:

1. What happens if the distribution is paid out and then loaned back by the company?

2. The use of sub-trusts and how the ATO’s guidance has changed from Taxation Ruling TR 2010/3 to TD 2022/11.

3. Strategies to tackle Division 7A applying to:

        -   pre-1 July 2022 distributions; and

       -   post-30 June 2022 distributions.

4. What are the tax implications of forgiving a pre-16 December 2009 UPE?

5. The 25 year fully secured maximum term loan:

       - When can this be used?

     - How are practitioners tackling the issue with possible Division 7A amendments
   on the horizon?

6. Are there any CGT issues to consider with UPEs?

7. In what situations will the Commissioner’s discretion under section 109RB be exercised? 

Who should watch

Financial planners, tax agents, accountants, lawyers and those interested in Division 7A

Level of expertise

This webinar is for persons with some knowledge or interest in Division 7A and looking to improve their knowledge.

COST: $99.00
If you register more than one attendee, discounts apply:

2 attendees - $190 (normally $198, saving $8)
3 Attendees - $275 (normally $297, saving $22)
4 attendees - $355 (normally $396, saving $41)
5 attendees - $400 (normally $495, saving $95)
6 attendees - $480 (normally $594, saving $114)

7 attendees - $550 (normally $693, saving $143)
8 attendees - $610 (normally $792, saving $182)
9 attendees - $680 (normally $891, saving $211)
10 attendees - $730 (normally $990, save $260)

Once you have registered you will be sent a receipt and then soon after a personalised link to access this webinar via zoom.

You can register up to 10 individual attendees, each person will be sent a personalised link to join. You will be unable to share your link to the live webinar. The event will be recorded and emailed to all registered attendees the day after the event.

Presenter

Neil Brydges

Neil is a Principal Lawyer in the business law area, with a particular focus on taxation advice and disputes. Neil’s aim is to provide technical expertise to clients, commercially applied and in a friendly and approachable manner.

Neil’s practice involves advice, audits, disputes, and transactions. The client mix includes both family groups and business enterprises. Neil also regularly assists professional advisors, including tax agents, accountants and financial advisors, to understand complex legal issues and help them to better assist their own clients.

Read more about Neil

---