Welcome Insights The Federal Court has recently issued a clarifying judgment on the classification of unpaid present entitlements (UPEs) involving trusts and private companies. In a definitive shift, the court has ruled that UPEs should not be treated as deemed dividends under the stringent regulations of Division 7A of the Income Tax Assessment Act 1936.… Continue reading Decoding UPEs: Understanding the Federal Court’s Decision and Its Impact on Tax Strategies for Trusts and Private Companies
Decoding UPEs: Understanding the Federal Court’s Decision and Its Impact on Tax Strategies for Trusts and Private Companies
