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Reply: 2.1.1.1.1 From: Dale Gatherum-Goss Hi Mmmmm, from what you wrote, yes, the ATO would not like you very much at the moment. You now face a decision: Do nothing and hope for the best. Ignorance is no excuse either so pretending this won't help at all now. Approach the ATO and admit...

Reply: 3 From: Dale Gatherum-Goss Hi It is very much the intention that matters. The ATO "follow the money" and if it was used to reduce your home loan - you would not be able to claim the interest as a tax deduction. I hope that this helps Dale

Reply: 2.1.1 From: Dale Gatherum-Goss Hi The first problem that you have is that if you move the existing portfolio to a trust (my preferred structure) or a company, you immediately get caught by the evil twin sisters of doom, stamp duty and CGT. This usually hurts too much to warrant the...

Reply: 2 From: Dale Gatherum-Goss Hi Pete's right. The ATO follow the money and what it is used for and so no, you will not get a tax deduction in the circumstances that you mention. Having said that, what structure do you hold the IP in? That is, is the IP owned by you, by a company or...