PCG 2017/13 – Div 7A treatment UPEs – ‘Option 1’ sub-fund loans for 7 years – updated to include relevant dates for UPEs created on 30 June 2011 – due to be repaid by 30 June 2019
On Wed 15.8.2018, the ATO released an updated version of Practical Compliance Guideline PCG 2017/13, its guidance on unpaid present entitlements (UPE) and sub-trust arrangements. This was only to deal with UPE’s, dealt with as ‘Option 1’, 7-year interest only loans, arising from UPE’s created in the 2nd year after the 16 December 2009 grandfathering…