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The principle is still there ie income received less expenses incurred on an investment owned by you, not a trust that owns the IP. Hence, losses claimed by trust should not be added back to personal, which is owned in personal names. The hybrid trust vehicle for an IP is like a management...

Tax losses in personal names can rightly be added to your personal tax returns when Centrelink assess your entitlement. It would not be right to add tax losses of your Trust or company as your personal income is not affected directly by the losses of another tax entity. Only the distribution...

If this explanation is correct, it would be a sad reflection of the state of public service and an environment of investor bashing in Canberra. It used to be: Base FTB on family criteria and taxable income only Then with the use of negative gearing, to negate negative gearing effect...