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Use of company assets to be deemed dividends
Division 7A of the Income Tax Assessment Act 1936 deems loans to shareholders to be dividends received by the shareholders unless the loans comply with strict rules concerning interest rates, term, minimum annual repayments and security. On 5 June 2009 … Continue reading
Posted in Law, Tax, Uncategorized
Tagged boats, deemed dividends, div 7a, loans, shareholders
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