Hybrid Trusts
GSJ
I have been in discussions with the ATO for the last 6 months concerning hybrid trusts and what is acceptable and what isn't acceptable. The ATO is about (next 6 to 12 months) to issue a statement concerning hybrids.
Suffice to say the majority of hybrids I put to the ATO were knocked back on the basis that the interest expense would either be apportioned or disallowed in full.
I stopped posting on the site as I was attacked by anonymous people representing the demtel salesforce in trust deeds. I will let Coasty Mike, Nick (Stavro) and Dale GG know the results of my discussions.
As for the Hybrid knockers I think they are entitled to their opinions and if there concerns can't be addressed then they probably have some good points.
Hybrids aren't for everyone or every situation. It's not like you can wrap it up in fancy wrapping paper, trademark it and claim it does more than it really does.
All the best.
GSJ
I have been in discussions with the ATO for the last 6 months concerning hybrid trusts and what is acceptable and what isn't acceptable. The ATO is about (next 6 to 12 months) to issue a statement concerning hybrids.
Suffice to say the majority of hybrids I put to the ATO were knocked back on the basis that the interest expense would either be apportioned or disallowed in full.
I stopped posting on the site as I was attacked by anonymous people representing the demtel salesforce in trust deeds. I will let Coasty Mike, Nick (Stavro) and Dale GG know the results of my discussions.
As for the Hybrid knockers I think they are entitled to their opinions and if there concerns can't be addressed then they probably have some good points.
Hybrids aren't for everyone or every situation. It's not like you can wrap it up in fancy wrapping paper, trademark it and claim it does more than it really does.
All the best.