Tag: Part IVA

• Part IVA and partnerships of discretionary trusts

  The most annoying habit of the Commissioner is to let everyone do something for years and then to finally try to close it down. Take the Commissioner’s announcement on 16 December 2009 that an unpaid present entitlement from a trust to a corporate beneficiary is a loan to which Division 7A applies. So 12 years…

  Ken Mansell

  November 30, 2013

  Income Tax, Part IVA, Planning Stuff, Rulings

  Income Tax, Part IVA, Planning Opportunity, Rulings

• Part IVA applies to small businesses

  I don’t get that so many small business advisors think Part IVA can not apply to their clients. Yes it does not happen often but if it does your business is on the line. And here is where it is most likely to apply… You just read my post below and want to inject income…

  Ken Mansell

  November 29, 2013

  Income Tax, Part IVA, Planning Stuff

  Income Tax, Part IVA, Planning Opportunity