Back to Basics on Division 7A
By Lisa Greig
1h 37m CPD time
Difficulty: Basic
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Whether you're a newbie or a seasoned practitioner needing a refresher on Division 7A basics, this session has you covered.
Basic concepts
What is an associate?
Types of transactions caught - payments, forgiven debts, loans
Calculating the distributable surplus
Calculating the minimum yearly repayments
FBT vs Division 7A tiebreakers
Division 7A and Unpaid Present Entitlements
Ways to manage Division 7A
How to record Division 7A transactions and disclosures
Download the resources under the video.
Date recorded: 13 June 2023