The recent AAT decision in the case of Bendel and Commissioner of Taxation  AATA 3074 is in stark contrast to the ATOs longstanding position that an unpaid present entitlement of a corporate beneficiary constitutes the ‘provision of financial accommodation’ by the company to the distributing trust. […]
Current as of: 3 August 2020.
The latest updates regarding companies – what you need to know and how temporary changes will impact your clients. Topics include new look dividend access shares, Director identification numbers, an overview of the tax implications of share buy-backs and capital reductions, resident directors, declaring dividends vs resolving to pay dividends and temporary changes to the Corporations Act 2001 (Cth).