I was hoping you'd be the man to reply Terry. I've read your advice in other similar posts but couldn't quite find the precise answer on some of my queries. Good to know that we can claim interest on the borrowings that we will then onlend to the trust.Yes I thought I would get a loan document put in place as you advise. Its seems best to do the…[Read more]

I didn't go ahead and do it but a partner of a reasonable size accounting firm (in Victoria though) advised me that I could do it. He said it was a little risky though. The anti avoidance provisions are a bit of a catch all and might be involked re this.Surely the ATO have seen this scenario before I figured. It just seems a bit too easy. Everyone…[Read more]