The Australian Taxation Office lost a Division 7A (deemed dividend) case in the Administrative Appeals Tribunal – learn why!
In a recent case, the Administrative Appeals Tribunal (Tribunal) decided that a corporate beneficiary’s unpaid present entitlement to income (or capital) of a trust was not a “loan” by the corporate beneficiary to the trustee under s 109D(3) of Division 7A of the Income Tax Assessment Act (ITAA). Therefore, it was not taxable as a deemed dividend (income).
Join Chelsea Lyford, Principal Lawyer and Team Leader of our Tax & Superannuation team, at our next Tax webinar. A tax specialist and former Senior Member of the Tribunal, Chelsea will outline the Tribunal’s decision and the potential implications moving forward.
The session will cover:
- The background to Bendel and Commissioner of Taxation (Taxation) [2023] AATA 3074 (28 September 2023)
- The central question to be decided by the Tribunal
- The issue of a separate trust
- Statutory context
- The Tribunal’s conclusion
- The Australian Taxation Office position
- Where to from here?
Join us for this informative session where you will discover valuable insights plus earn CPD points! We hope you can join us for this complimentary webinar.
The Presenters
