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NY Yes at present if you borrow to acquire units in a unit trust which holds resi property the interest would generally be deductible. What im curious about is that your comment is spot on. A unit trust in this sort of situation isnt really any different to LPT except in size. So if they...

Maybe a potential opportunity for unit trusts. Will the legislation be worded such that interest deductions to acwuire units in a unit trust which in turns buys a residential property might be excluded. Will be interesting to see things closer to the date if anything does happen and maybe a...