Search results

The next question could be:- I hold property in a hybrid discretionary trust set up by XYZ accountants...(I use the XYZ property investors special PIS hybrid discretionary trust). i am worried that the trust deed may fall foul of ATO ruling. How will the ATO ever identify all people holding...

Ebbie, I would be concerned about claiming a deduction for interest incurred in the earning of income where that income was actually capital gains re-classified to be income by virtue of the wording of a trust deed. Would want to consider the mechanism by which capital gains are classified as...