Loans and Div 7A - life after the amnesty - Recording

Even though the Div 7A amnesty has just expired, many thorny issues remain. Have you satisfied yourself that the amnesty was complied with? What about the interaction of Div 7A with Commercial Debt?

Forgiveness, Value Shifting and FBT. What are some of the key practical issues to emerge in respect of the new Division 7A legislation?

At the end of this session you will be able to:

• Identify each of the recent changes to Division 7A, including issues to emerge after the 2008 amnesty


• Understand the application of Division 7A to trusts


• Apply Division 7A in a broad context, incorporating the application of Commercial Debt Forgiveness, Value Shifting and FBT


• Identify the key Commercial Debt Forgiveness issues and their interaction with Div 7A.

Target Audience

Accountants in public practice

A working knowledge of loans and debt forgiveness is preferable.