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  1. Pushka

    Family tax benefit rules are up the creek

    Yep. Actually funny you should say that - I almost put that rider into my post. I guess I like my sleep at night.:p
  2. Pushka

    Family tax benefit rules are up the creek

    Um, as a small company owner I can say that if you do as you are saying, then your loan, unless done through a formal agreement and on a COMMERCIAL basis (eg say 7% interest) will be treated as a dividend to you, and unless your company has been in profit for years before, paid as an unfranked...
  3. Pushka

    Family tax benefit rules are up the creek

    I would document everything and not spend the money. It is quite possible that if an error has been made it will be found in an audit and you will be required to return it. If you have documented your conversations, which clarifies and confirms their discussions with you, then surely they...
  4. Pushka

    Family tax benefit rules are up the creek

    They changed the rules about negative gearing I think maybe 12 months ago. Centrelink have these amazing rules that even defy the ATO legislation. eg Trust Income (to determine Youth Allowance) is determined to be paid for 12 months from the date of the Trust Minutes in monthly increments...
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