• Division 7A - closely held corporate limited partnerships

    About this fact sheet

    This fact sheet provides information on the application of Division 7A to arrangements involving corporate limited partnerships.

    Amendments which are contained in Tax Laws Amendment (2010 Measures No. 2) Act 2010, mean that from 1 July 2009, Division 7A applies in relation to loans or payments made, or debts that are forgiven, by a closely-held corporate limited partnership to partners or associates of the partner.

      Last modified: 15 Jul 2010QC 23184