HDT and Centrelink

[julia]

Is there anyone out there who has a HDT and receives Centrelink family payments? I was just wondering how diligent Centrelink is. With income and the interest expense from the HDT going into item 12 on the tax return but showing an overall loss do they pick this up and add it back or just assume it is some sort of business income and allow it to be offset against other income?

Julia
www.bantacs.com.au

 

[GreatPig]

FWIW, my trust deed explicitly excludes anyone on a means-tested Centrelink income-support benefit from being a beneficiary.

Not sure if that includes family benefits though.

GP