A painful day at the office
An illustration of the severe tax and duty risks that arise when wills purport to deal with assets held through companies and trusts.
Income Tax Assessment Act 1936
Tax traps – beware the Division 7A snake pit
Division 7A of the Income Tax Assessment Act 1936 is a poisonous well of hissing snakes for general practitioners, writes JIM MAIN.
The pain of company guarantees: beware hidden tax stings
A third-party loan guaranteed by a private company can be deemed an unfranked dividend to the borrower under division 7A of the Income Tax Assessment Act…