FasterTax with Ray Cummings of Greenoak Advisory

Unpaid present entitlements - Corporate beneficiaries Top 3


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Some of the key practical points are:1. Failing to distinguish between UPEs to corporate beneficiaries arising before 16 December 2009 and those arising on or after that date2. Potentially being too conservative and not distributing to corporate beneficiaries3. Forgetting or not realising that any loan by the trust where the UPE to the corporate beneficiary is outstanding, regardless of when it was created, can have deemed dividend consequences.
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FasterTax with Ray Cummings of Greenoak AdvisoryBy fastertax