New A.T.O. ruling re deemed dividends under family law obligations - image

New A.T.O. ruling re deemed dividends under family law obligations

Deemed dividends under family law orders – new ruling by A.T.O.

Under a new ruling issued by the Tax Office a deemed dividend arises in which a private company pays money or other property because of a family law obligation to a spouse who is not a shareholder of the private company.

Ordinary dividends under family law orders

An ordinary dividend arises in any circumstance in which a private company pays money or other property because of a family law obligation to a spouse who is a shareholder of the private company.

Contact Wen & her team of Chartered Accountants at their Epping office for further information and tax advice about family law implications for dividends and deemed dividends – call (02) 9871 3429