Deduction for Interest on Borrowingsto Fund Share Acquisitions. (Mondaq)

While Income Tax 2606 refers to the treatment of borrowings in relation to shares in a company and the consequences of the decision by the Federal Commisioner of Taxation v. Total Holdings (Aust) Pty Ltd (1979)79 ATC 4279 9 ATR 885 it provides some guidance in relation to borrowing to acquire interests in trusts.





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