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Thanks Rob, it sounds too obvious when you put it like that. :o

I think we might be getting off the topic now so I mustn't have made my question very clear. The ATO has put a new question in the tax return this year at item IT5 under the heading of Income Tests which asks for your "Net Financial Investment Loss". Assuming the individual does have a Hybrid...

Hi alexlee, ok I understand what you are saying now. I'm not questioning the hybrid trust itself or whether or not I can claim the full deduction as I understand what I can and can't claim with my specific trust deeds. I'm talking about the Net Financial Investment Loss in general (assuming...

Anyone? Where did all the Hybrid Trust users go who have negatively geared properties?

Such as? The ATO's definition of 'financial investments' isn't very clear. Would Individual A have a Net Financial Investment Loss or not? If not, I suspect it would be beneficial in that it wouldn't affect government payments such as Family Tax Benefit (which now adds back any investment...

So using some figures as an example: Individual A borrows $100K at 10% p.a and buys 100K Income Units in a Hybrid Trust. The Trust buys a property and distributes $7K net rental income to the individual (unit holder). The individual must report a Net Financial Investment Loss of $3K...

I noticed in this years tax return there is a section IT5 - Net Financial Investment Loss. http://www.ato.gov.au/individuals/content.asp?doc=/content/00223018.htm&page=2 Complete this item if you received income from or claimed deductions in relation to any of the following types of...