Consider 25-year loans amid Div 7A uncertainty, says law firm

Tax practitioners need to factor in incoming proposed changes to Division 7A during 2020 tax planning, including considering entering clients into 25-year loans to take advantage of transitional arrangements, says one law firm.

by | Jun 11, 2020

Despite the best efforts of the three professional accounting bodies, the Tax Institute and the Law Council of Australia, there has been no word yet from the government on whether proposed Division 7A changes will continue with its 1 July start date without draft legislation or further consultation.

Read more at the Accountants Daily

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