The Latest on Div 7A, Corporate Beneficiaries & UPEs

Current as of: 22 August 2023.

In this recent webinar, the technical and practical issues arising from TD 2022/11 were unpacked with Brian Richards, a highly regarded and sought-after tax advisor.

Participants had the opportunity to join Brian as he outlined:

• when an unpaid present entitlement or amount held on sub-trust becomes the provision of ‘financial accommodation’;
• the ATO’s approach to dealing with unpaid distributions owed to corporate beneficiaries;
• the process for aligning the treatment of unpaid distributions to a company with Division 7A;
• how to deal with the treatment of a UPE where it includes the creation of a sub-trust; and 
• managing cash flow implications of distributing trust income to a company.

Webinar resources

• Presentation slides
• Technical paper

For details on upcoming Acis events, click here.