Is an unpaid trust entitlement owed to a corporate beneficiary a loan for Div 7A purpose? The AAT says no but the ATO is contesting. We dive into Bendel and Commissioner of Taxation [2023] AATA 3074.
Plus, the legislation amending the rules for non-arm's length expenses in a superannuation fund is before Parliament. We answer the question, can accountants in practice do the accounting work for their SMSF?
And, is there a work around to the 30% tax on super earnings on balances above $3 million. We look at the exposure draft legislation legislation and deliver a practical run through of the issues.
Michael Carruthers (Tax Director), Jason Hurst (Superannuation Technical Adviser), and Lisa Armstrong (MD) bring you up to speed on what was relevant to accountants and advisers across October 2023.
Негізгі бет October 2023 Round Up - Bendel vs the Commissioner
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