The ATO on Wed 18.9.2013, released Product Ruling PR 2013/16 (Deductibility of interest in relation to investment in units in the Macquarie Flexi 100 Trust issued on or before 30 June 2016). It applies prospectively from Wed 18.9.2013. Among other things, the Ruling states that an amount equal to the interest charged on the investment loan, reduced by an amount reasonably attributable to the cost of capital protection calculated under s 247-20(3) of the ITAA 1997, will be deductible under s 8-1.
[LTN 181, 18/9/13]