Home > Law > RLJ > Vol. 18 (2008) > Iss. 1
Article Title
Abstract
Determining whether a loan from the company to a shareholder/employee is received in his or her capacity as an employee or as a shareholder is important. The capacity of the recipient alters the taxation treatment of the loan. A loan to an employee on favourable terms attracts fringe benefits tax (FBT). A loan to a shareholder may be taxed under Division 7A of the Income Tax Assessment Act 1936.
Recommended Citation
Tretola, John
(2008)
"A Loan by Any Other Name Would Smell So Sweet,"
Revenue Law Journal:
Vol. 18:
Iss.
1, Article 3.
Available at:
http://epublications.bond.edu.au/rlj/vol18/iss1/3
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