Division 7A Miscellaneous 2022

Division 7A - Keeping it tidy

Published Date: 19 May 2022

 

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This paper covers what action and documentation is necessary, and when this documentation and action are required to ensure that you have managed to keep Division 7A at bay.

This paper addresses the key issues of:

  • These wretched old UPEs - are they debt? Do Unpaid Present Entitlements (UPEs) "morph" into debt? Can UPEs be tidied up? What if the trust has run out of assets?
  • Timing of recording of dividends
  • Dealing with journal entries
  • What about old loans, that old chestnut?

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research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Division 7A Miscellaneous 2022

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