About the book
A timely and essential practitioner resource
The current Division 7A amendments include measures to prevent harsh results flowing from the operation of the division, however practitioners must not be any less vigilant than in the past when dealing with potential problems. The amendments are significant and are operative now.
Written by John Gaal of TaxCounsel, this handbook is a timely and essential practitioner resource.
The Division 7A Handbook provides clear and concise explanation of the Division 7A rules. All of the recent amendments are highlighted and a number of checklists identify both problems and possible solutions. Many examples and precedents which reflect the amended law will assist practitioners in understanding everything they need to know about Division 7A. Difficulties surrounding the Commissioner's new general relieving discretion that are likely to be raised in practice are examined.
What the handbook covers
- the 2007 amendments
- overview of Division 7A
- checklists and problem solving
- case studies
- companies
- trusts
- general rules
- precedents
- ATO's June 2007 Taxpayer alert
- information locator
