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Hi, yes, you think correctly. Good addition to the discussion. Also note that this determination does not consider Part IV-A, though, as such things are circumstantial as discussed above.

Hi, yes, many things in tax law are shades of gray. However the tax office have made their stance quite clear on this matter. Most investors will capitalise interest with the perfectly valid reason (not excuse) to assist with cashflow and not because of the tax benefit arising from higher...

Hi, http://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/93035.htm http://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/94313.htm http://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/93707.htm Each of those rulings applies only to the person who applied for them but they do give a...

Hi, there are recent private rulings which disagree with this comment. The taxpayer needs to be able to demonstrate two things. That the interest is incurred in generating income and secondly that the tax benefit is not a dominant purpose of the scheme. If the interest incurred on both...