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In This Issue
Seminar 6th November 2012 at Burwood Club at 6 PM
New Product - Div 7A Loan Agreement
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Gray

  

 

There will be no agents selling property

at the seminar 

 

Please note change in Venue - Only 14 seats left

                  

 SEMINAR

Process of  acquisition & transfer of Immovable property in India by NRIs

  

When: 6th November 2012 at 6.00 PM Sharp to 9.00 PM

Where: Club Burwood, 97 Burwood Road Burwood

How to Book: visit www.trustdeed.com.au/seminar or phone 02 9684 4199 to book

Cost: $35 tax deductible (Refreshments provided)

 

Registration : 6.00 PM

Refreshments : 6.30 PM

Start : 7.00 PM

 

Hi,

 

                                         Attend for free

                             

To thank you for being such a loyal client - we will pay for your ticket - To book for the seminar enter our code "BHARAT" on www.trustdeed.com.au/seminar as promotional code.   

 

 

Seminar Details

 

We have all heard about capital growth in property in India in the past 10 years and wish we had our finger in the pie. The big questions which come to everyone mind is How to purchase... what to do first... how to transfer money to India... is everything legal... how to structure the deal and then the most important question, which property to buy?

 

Although we cannot answer that property will follow the past trend, but we can give you information on all the other remaining questions.

 

A seminar is organized where experts of two countries, Australia and India, are getting together to reveal the in down to earth practical steps required for an Australian NRI to purchase property in India.

 

 

 

 

Click here to learn how SMSF can borrow to purchase property

 

 

  

Click Book now 

 

 

 

 

 

 

Opportunities for Investing in Property in India by NRIs and PIOs

 

By Sanjay Vasudeva CA (I) of S.C Vasudeva & Co. www.scvasudeva.com

 

The presentation would cover the process for acquisition and transfer of Immovable property in India by NRIs/PIOs and /or entities controlled by NRIs/PIOs as per the Rules and Regulations under the Foreign Exchange Management Act, 1999 (FEMA). This would include the conditions and compliances w.r.t. Acquisition and Transfer of Immovable property in India by NRIs/PIOs, Payment mode for purchase of such property, Repatriation of sale proceeds of residential/commercial property acquire, Renting out of such property by NRIs/PIOs etc.

 

The presentation would also cover the implications under the Income -tax Act, 1961 where any income arises either by way of leasing out or by way of transfer of such immovable property.

 

Sanjay is a regular speaker at seminars and conferences organised by the Regional Councils and other committees of the Institute of Chartered Accountants of India on Auditing Standards, Accounting Standards and Corporate Law.

He writes Quarterly newsletter & tax updates covering topics on the economy, audit and accounting, tax and corporate law
 

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Click here to learn how to set up a SMSF

 

 

 

 

How to Tax Structure purchase of property in India

 

By Manoj Abichandani SMSF Specialist Advisor

 

The presentation would focus on advantages and disadvantages of various tax structures available in Australia to purchase property in India. Special attention will be given to situations where the buyer is using gearing to purchase property

 

Manoj is a seasoned speaker at various professional discussion groups. He has worked in SMSF industry for the past 21 years as a tax agent, accountant and SMSF Auditor. He has helped over 5000 trustees to set up their own funds and currently audits more than 400 funds each year for various accounting firms which puts him in the top 54 SMSF Auditors (as per ATO) in Australia.

He develops SMSF strategies and advises trustees & practicing accountants on complex SMSF matters. He has helped more than 1,200 SMSF to borrow to purchase property and is probably the most experienced advisor in this field

 

Click here to learn when your SMSF will need an Actuarial Certificate

 

 

 

 

 


 

 

 

Click here to learn on how to move your SMSF to pension phase

 

  

 

 

 

 

When:         6th November 2012

What time:   6 PM Registration Refreshments: 6.30 PM Start 7 PM

Where:         Parramatta RSL Club Corner Macquarie and O'Connell Street Parramatta

Cost:            $35 (Tax Deductible to you or your SMSF)

How to book: Visit http://www.trustdeed.com.au/seminar or phone 02 9684 4199

 

 

 

 Click on button below to register now

 

 

 

New Product Announcement

Division 7A Loan Agreement
$55


Division 7A is part of the Income Tax Assessment Act 1936 which relates to loans made by companies or trusts to shareholders or associates of shareholders. It is an anti-avoidance provision which aims to prevent tax free distributions of company profits as loans which either remain outstanding or are forgiven altogether.


If a shareholder or an associate of shareholder borrows money from a Pty Ltd company or where a Pty Ltd company has an unpaid present entitlement to income of a trust and the trust makes a loan to a shareholder or an associate of shareholder and such loan is not fully repaid by the lodgement or the due date for the lodgement of the company's income tax return, whichever is earlier then such loan can be caught in the provisions of Division 7A.

Such loan will be treated as unfrankable deemed dividend and this situation can entail double taxation of the income. However loans made under a written agreement executed within the required timeframe, meeting the benchmark interest rate *and maximum term criteria and which provide minimum yearly repayments can avoid being caught in the provisions of Division 7A.



Our 'Divsion 7A' loan agreement conforms to above criteria and this 'Division 7A' loan agreement can be used in the following circumstances.


  1. Where a Pty Ltd company makes a loan to its shareholder or an associate of a shareholder;
  2. Where a company has an unpaid present entitlement from net income of a trust and a loan is made by the trust to a shareholder or an associate of shareholder of such company.
This loan agreement will cover all the loans made by company to a shareholder.
*
For the purposes of Division 7A of the Income Tax Assessment Act 1936, the benchmark interest rate for an income year is the 'indicator lending rates - bank variable housing loans interest rate' last published by the Reserve Bank of Australia before the start of the income year.
Year of income ended 30 June...Benchmark Interest rate
20137.05
20127.80
20117.40
20105.75
20099.45
20088.05
20077.55
20067.3
20057.05
20046.55
20036.3
20026.8
20017.8
20006.5
19996.7





 

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