I had people spit on me, throw things at me and want to physically fight me â people who had never met me or talked to me. In the age of social media, this is what I get:  @kato_kaelin why don't U just die, loser. Ur worthless.. Never has a man done so little to be recognized by so many.
Full or partial cash repayment of the debt by the corporation reduces the shareholder's loan basis. (Repayment with property other than cash is beyond the scope of this item.) If the debt basis has previously been reduced to zero, all the subsequent repayment is treated as taxable income to the shareholder.
where the loan is not fully repaid by the end of the year in which the loan is made. The relevant entity must be a. shareholder in the private company or an associate of the shareholder.Further, a private company is taken to havepaid a dividend to an entity at the end of that year under s 109F(1) if the.. on the death of the shareholder, where the loan had not been repaid and no repayments were made in the. relevant income year the ATO ruled that the company was not taken to have paid a dividend to the-LPR of. the shareholder, notwithstanding that no loan repayments were made during that year; and.