Private ruling: Division 7A - loans to shareholder The ruling concerned the following:
Published: January 2013

Ruling: 1. Does section 109N of the Income Tax Assessment Act 1936 (ITAA 1936) apply to: | · loans made by the private company to the shareholder; and | · loans made by the private company to the Executors of the Estate of the shareholder? | Decision | The Commissioner ruled that: | 1. No. Section 109N of the ITAA 1936 does not apply to: | · loans made by the private company to the shareholder; and | · loans made by the private company to the Executors of the Estate of the shareholder.




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