Div 7A & unpaid present entitlements

TR 2009/D8 has been released. It defines how Division 7A can apply to unpaid trust distributions owing to private companies.

This draft ruling signals a significant change in the previous understanding of unpaid present entitlements. Advisors should review their clients' files now so they are better prepared to act quickly when the ruling is finalised. They should also read and understand the terms of the trust deed.Log InSubscribe
Moira Merrick CA, Deloitte