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Tag Archives: loans
Use of company assets to be deemed dividends
Division 7A of the Income Tax Assessment Act 1936 deems loans to shareholders to be dividends received by the shareholders unless the loans comply with strict rules concerning interest rates, term, minimum annual repayments and security. On 5 June 2009 … Continue reading
Posted in Law, Tax, Uncategorized
Tagged boats, deemed dividends, div 7a, loans, shareholders
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ASIC releases financial hardship report
ASIC, in conjunction with Consumer Affairs Victoria (CAV), has released a report examining how lenders and mortgage brokers respond to borrowers experiencing financial difficulties. The report, Helping home borrowers in financial hardship (REP 152), found that while some lenders are … Continue reading
New home buyers still borrowing to their limit
There was much joy among residential lenders in January as they celebrated droves of first home buyers returning to the residential property market. First home buyers also appear unafraid of loading up with cheap debt – combining the carrot of … Continue reading
Posted in Business, Investment
Tagged first home buyers, loans, mortgage, statistics
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