Practical application and implications of Section 100A – Part 2
Source: Victoria
Published Date: 5 Sep 2023
The ATO’s final guidance on section 100A was released on 8 December 2022 and includes changes that incorporated feedback received during public consultation. Using case studies, this practical session covers:
- Where we’ve landed on section 100A, more than two year-ends on from the release of the ATO’s initial draft guidance in early 2022
- Falling between the zones — when your clients’ arrangements differ from the ATO examples
- Loans, gifts and undrawn amounts by family members — what is needed to demonstrate the beneficiary’s entitlement has been extinguished for their own benefit; and
- What supporting documentation is required to explain the transactions that have happened and what is the risk of trustees recording too much?
Individual Session
Details
- Published By: Leanne Connor CTA, Robyn Jacobson CTA, Fiona Dillon CTA
- Published On:5 Sep 2023
- Event Name:The Tax Summit 2023
- Session Name:Practical application and implications of Section 100A – Part 2
- Listen Time:1+ hour
- Took place at:MCEC Melbourne
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page