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Reply: 2.1.1.1.1.1 From: Dale Gatherum-Goss Hi Rolf You beat me to it . .. Here is the relevant comments made by the judge: 25 In my opinion, the interest upon capitalised interest does bear the same character for taxation purposes as the interest which was capitalised in the present...

Reply: 2.1.1.1 From: Dale Gatherum-Goss Hi Derek The case in question was: Firth v FCT and was reported on 1st of April 2002 (funny abt that date) As part of the discussion within the case the premise that "interest is interest" and thus deductible was supported in general without being...

Reply: 1.1 From: Dale Gatherum-Goss Hi Bye the way, you might be interested in a recent court case where the courts rejected the tax office argument of interest on interest not being tax deductible. Be careful - the tax office may appeal and the issue involved particular circumstances...