From abl.com.au: The Federal Court’s landmark decision in the Commissioner of Taxation v Bendel case, which classifies unpaid present entitlements not as a loan under Division 7A, has led to a significant win for taxpayers.

The ruling, facilitated by Arnold Bloch Leibler’s tax team, has the potential to reduce tax liabilities for trusts, influence future tax disputes, and prompt increased scrutiny of ATO compliance activities.