5.7.2022
11.7.2022
Podcast

Podcast: Distributable Surplus and Division 7A

Podcast: Distributable Surplus and Division 7A
Key Insights
  • Deemed Dividends may arise under Division 7A where a private company makes a payment, loan or debt forgiveness.

  • A Deemed Dividend can only arise where the private company has a ‘distributable surplus’.

  • 'Distributable surplus’ is a proxy for ‘retained profits’ - however, there are important differences between the two concepts.

This podcast in no way constitutes legal advice. It is general in nature and is the opinion of the author only. You should seek legal advice tailored to your individual circumstances before acting on anything related to this podcast.

Join Australian professionals who get monthly insights from Velocity Legal.

Andrew Henshaw
Icon
Icon

Managing Director

Andrew Henshaw