Division 7A Handbook 2012-13

This current, highly practical guide to a complex area of tax and company law has been revised and updated to see you through 2012-13.

With Division 7A issues affecting diverse areas including trusts and family law, along with the interaction of Division 7A and FBT it’s vital to have a clear, concise guide to the rules and their application.

Author John Gaal applies his expertise in the area to bring you the new edition of the Division 7A Handbook

Features:

• Checklists identifying both issues and possible solutions
• Examples and precedents reflecting the current law and ATO practice
• Chapters explaining the interaction of Div 7A with other areas of law such as trusts, FBT and family law
• Case studies
• Tips and traps.

New and updated sections for 2012-13 include:

• the Commissioner's final practice statement on the exercise of the Div 7A general relieving discretion
  the benchmark interest rate for 2012-13
• amendments to the exemption from the use of property rules where a dwelling is owned by a private company
• the Commissioner's final determination on the distributable surplus calculation
• revised case studies and tips and traps chapters 
  other cases and rulings (including interpretive decisions) incorporated.