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The devil's own choice - part 2 : the section 108 implications

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Published on 01 Feb 96 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

This is the second part of a two part review of the potentially nasty tax questions hanging over debit loan accounts. The article focuses on s108 private company loans. Issues considered include dividends versus deemed dividends, the application of s108, what are profits, the Commissioner's considerations, distributions to corporate beneficiaries and strategies to minimise s108 exposure

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David SPURRITT
David is a Partner with PKF.
Current at 7 June 2005
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