January 16, 2025 The Australian Taxation Office (ATO) are currently reviewing arrangements that may incorrectly avoid the application of Division 7A to lending arrangements. For example: A trading company guarantees a third party loan to a company related to the trading company (that has little or no distributable surplus); The related company gives or loansContinueContinue reading “Division 7A Tax Risks: ATO’s New Review Process”
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Tax Payer Alert: Early Stage Investor Tax Offset Unlawfully Claimed
The Australian Taxation Office (ATO) has issued a tax payer alert in response to a new tax avoidance scheme being promoted in the community. Main points of the scheme as stated by the ATO are: An investment opportunity in a start-up company is promoted to individuals by the scheme operators; Investors told the start-up qualifiesContinueContinue reading “Tax Payer Alert: Early Stage Investor Tax Offset Unlawfully Claimed”
Division 7A – Taxpayer Alert Issued for Third-Party Loan Arrangements
The Australian Taxation Office (ATO) are currently reviewing arrangements that may incorrectly avoid the application of Division 7A to lending arrangements. For example: A trading company guarantees a third party loan to a company related to the trading company (that has little or no distributable surplus); The related company gives or loans amounts from theContinueContinue reading “Division 7A – Taxpayer Alert Issued for Third-Party Loan Arrangements”
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