Joint professional body submission in relation to TD 2008/D2

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Publication date: 11 Apr 08

Source: TAXATION INSTITUTE OF AUSTRALIA

Abstract: A joint professional body submission sent to the ATO in relation to the draft tax determination TD 2008/D2 Income tax: Division 7A of Part III of the Income Tax Assessment Act 1936 - what is the meaning of 'because' in the context of the expression 'because the entity has been such a shareholder or associate at some time' in relation to payments, loans and debt forgiveness with former shareholders of a private company?

Author profiles: NATIONAL INSTITUTE OF ACCOUNTANTS
CPA AUSTRALIA

TAXPAYERS ASSOCIATION OF NEW SOUTH WALES
TAXATION INSTITUTE OF AUSTRALIA
ICAA