Division 7A - 6 Strategies to deal with minimum yearly repayments
Tax Nuggets Academy
Published at : 13 Sep 2021
Published at : 13 Sep 2021
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Division 7A repayments are due 30 June 2021. Here’s 6 ways to fund them:
• Pay a franked dividend
• Offset against CR loans in company
• Pay a genuine bonus
• Transfer an asset
• Borrow and repay in cash
• Refinance to a 25 year loan to buy more time.
Watch the first 3 strategies here.
What other options would you add?
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