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Division 7A - Keeping it tidy paper

Member Price: $57.00
Non Member Price: $75.00

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Published on 19 May 22

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?

Author profile

Gregory Travers CTA
Greg is the Director in charge of the Tax services division of William Buck in Sydney. His clients are predominantly private businesses, both Australian and foreign businesses, as well as higher wealth individuals and families. Greg’s work includes advising on issues and transactions, such as restructuring, exit strategies, business acquisitions and international expansion, along with referrals from accountants, lawyers and other advisers. Greg is an experienced presenter, the author of the title, The Tax Advisor’s Guide to Part IVA, published by The Tax Institute and Asia Pacific Chair of the Praxity Global Tax Committee. - Current at 15 June 2022
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