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How does Division 7A apply to a private company shareholder loan?

Division 7A of ITAA 1936 treats unrepaid loans from private companies to shareholders (or their associates) as unfranked dividends unless a complying loan agreement is in place. Lawg researches s.109D, current benchmark interest rates, and ATO guidance, and drafts the compliant loan agreement.

What are the CGT small business concession eligibility tests?

The four CGT small business concessions in Subdivision 152 require passing the basic conditions: $6 million net asset value test or $2 million aggregated turnover test, the active asset test, and (where relevant) significant individual or 90% control tests. Lawg walks you through each step with the relevant ATO TRs and case law.

When is GST payable on a property settlement adjustment?

GST treatment depends on whether the supply is a taxable supply, GST-free (going concern, farmland), or input-taxed (residential premises). Margin scheme eligibility under Div 75 and adjustments at settlement under GSTR 2006/9 are common pitfalls — Lawg surfaces the right ruling for your fact pattern.

How do I calculate fringe benefits tax on a company car?

Car fringe benefits use either the statutory formula method (s.9 FBTAA) at 20% of the base value, or the operating cost method (s.10 FBTAA) using a logbook. Lawg compares both methods, applies the current FBT rate and gross-up factors, and explains the recent electric vehicle exemption.

What are the trust distribution streaming rules under s.115 and s.207?

Capital gains and franked dividends can be streamed to specific beneficiaries when the trust deed permits and the trustee makes valid resolutions before 30 June. Lawg checks resolution requirements, applies TR 2012/D1, and identifies streaming risks under s.100A.

What are the SMSF contribution caps and bring-forward rules?

Concessional cap (currently $30,000) and non-concessional cap ($120,000) interact with the bring-forward rule for members under 75 and the total super balance threshold. Lawg checks the latest indexed thresholds, carry-forward unused concessional cap eligibility, and excess contribution consequences.