This paper examines the Div 7A issues that continue to vex taxpayers, in even the most simple of cases. It covers:
- Board of Review report and likely changes
- does the Commissioner’s discretion under s 109RB work in practice?
- what are the amendment periods for Div 7A?
- trusts, sub-trusts and corporate beneficiaries and Div 7A
- other practical Div 7A issues.