Details on Division 7A changes released, welcomed

Long awaited details of amendments to Division 7A has finally been released by Treasury, as the government looks to simplify arrangements in line with some recommendations from the Board of Taxation.

by | Oct 25, 2018

Details on Division 7A changes released, welcomed

A consultation paper has been released by Treasury containing a number of measures including a new 10 year loan model for all existing 7 and 25 year loans, a self-correction mechanism to rectify breaches of Division 7A, and safe harbour rules for the use of assets.

Read the full article at Accountants Daily.

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