Search results

Harts V ATO was a case where deductible interest was mixed with non ded interest, and capped. very very diff beast ta rolf

and there in lies a BIG problem for the future of our nation. To have retrospective powers on things like that, i guess we would be the only banana republic that allows such abuse of the population ?? It too me a while, but I now understand why Australian businesses are seen as short...

Using such derivation, almost all forms of investing and/or business that cap interest, and have a common owner that has non ded debt are schemes, indeed anything that maximises tax benefit without a specific PBR would be. I now know how the current gov will fix the unemployment fall out...

Yup Ta Rolf

There have been some specific scheme rulings. Stay outside of those schemes, get specific advice, get your own PBR and you should be fine. Too many media folks look at wet blanket generalisations. There are many (acceptable) reasons why someone would want to cap interest other than...