Today, the Full Court of the Federal Court handed down its much anticipated decision in Commissioner of Taxation v Bendel [2025] FCAFC 15.
The Court found that an unpaid present entitlement owed by a trust to a corporate beneficiary was not a “loan” for the purposes of Division 7A. This landmark, unanimous, decision was a resounding win for the taxpayer, and private groups across Australia. Arnold Bloch Leibler’s tax team represented the taxpayer in the appeal.
A full outline of the judgment and its implications will be made available shortly.
