Hi All
I have been very busy lately, finally finished the book but still haven't done by 2006 ITRs, so I have not been watching the posts here for a while. Has anyone drawn your attention to PBR 69725. Gives us a bit more certainty on using lines of credit and capitalising interest but I still recommend you don't go with anyone promoting the arrangement as that is what sunk Harts. Just discuss it with your accountant and get a normal line of credit.
I have been very busy lately, finally finished the book but still haven't done by 2006 ITRs, so I have not been watching the posts here for a while. Has anyone drawn your attention to PBR 69725. Gives us a bit more certainty on using lines of credit and capitalising interest but I still recommend you don't go with anyone promoting the arrangement as that is what sunk Harts. Just discuss it with your accountant and get a normal line of credit.