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Private Business Online - Part 4: Navigating the maze of base rate entities

Wednesday, 15 July 2020 - 1:00 PM to
Wednesday, 15 July 2020 - 2:00 PM
     

Registration Time:

Member Price: $75.00

Non Member Price: $95.00

CPD hours:1.00

Part 4: Navigating the maze of base rate entities

After what was a two-year epic to reduce the corporate tax rate, involving multiple legislative amendments and extensive ATO guidance, do you fully understand how to work out whether a company is a base rate entity? What was formerly a mundane process of determining a company’s tax rate and its franking rate is now more complicated, and there are a number of anomalous outcomes. This session will cover the intricacies, nuances and subtleties of:

  • The reduced corporate tax rate and franking rate, and the impact of legislated further changes
  • The meaning of “base rate entity”, “base rate entity passive income” and “corporate tax rate for imputation purposes”, and associated interpretive issues including LCR 2019/5
  • The impact of the COVID-19 crisis on a company’s tax rate and franking rate
  • Practical examples illustrating the complex treatment of amounts flowing through chains of trusts
  • Working out a company’s franking rate, including dividend strategies

Special Offer

Register for the entire 10-part 2020 Private Business Online Series and save!