On 10 July 2020, the AAT upheld the ATO’s assessment, deciding that a beneficiary of a discretionary trust, was not entitled to deductions, for interest he incurred on loans used by the trust to acquire rental properties.
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Author: John Morgan
http://www.FJMtax.comJohn Morgan is a tax specialist lawyer of more than three decades experience now practicing at the Victorian Bar - w: www.FJMtax.com e: f.john.morgan@vicbar.com.au