What should be the commencement date of a Division 7A Loan Agreement? Is this the date the document was executed? Or the end of the income year that the loan relates?

It should be the date of execution as the commencement date is prior to the lodgment of the income tax return.

Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024