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“I have spoken to Chris Batten about the Property Investor Trust (PIT) and with Chris’s permission have reproduced an email I have received from Chris today. Dear Nick I have seen the PIT Deed and can confirm that it is a hybrid discretionary trust that has the ability to direct income to...

Dear Forumites I have finally got my act together and arranged to hold some small seminars/meetings in my boardroom. The presentation will be similar to the one I did at BIG. The 29 page handout will also be provided to all attendees. Details are on my website and will be beneficial for...

The ATO has recently implemented a search engine for Private Binding Rulings. http://www.ato.gov.au/rba Last year I applied for a PBR on behalf of a client. His antiquated accountant did not believe that you could claim interest on monies borrowed to invest in a HDT. :confused: See...

I just came across this ID that i thought may be of interest to some of you Not the type of answer one would have hoped for Cheers NickM ATO ID 2004/732 Income tax Capital gains tax: cost base: travel and accommodation costs relating to initial repairs...

Just received a broadcast from the ATO regarding Low Doc Loans FYI below Low Doc Loans The Tax Office has begun auditing a number of taxpayers who have low doc loans but have failed to lodge tax returns or who have disclosed to their lenders income that is substantially higher than that...

All Ip owners be on notice that not all QS reports may be accurate in the eyes of the ATO ATO consultation on residential rental properties and capital allowances ************************************************* ICAA attended a second ATO consultation meeting on rental properties and...

ATO's application for special leave to appeal to the High Court will be heard on April 11. We look forward to what we all hope will be a win for the taxpayer. NIckM

Ref: TD 2003/D4 There has been questions on this forum in relation to this matter which is why i have brought it to everyone's attention. If a Family/Discretionary Trust has an investment property which is subsequently revalued upwards eg $100K then if the trust borrows that $100K can it...