All Topics / Help Needed! / Rental income into PPOR, any tax implications?

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  • Profile photo of number 8number 8
    Participant
    @number-8
    Join Date: 2010
    Post Count: 333
    October 28, 2010 - 9:10 pm

    Refer to part iv(A), the anti – avoidance rules for income tax. This may be a concern when looking at your scheme (i.e. the circularity of money without a purpose). There is a grey area….. proceed with caution.

    http://www.birchcorp.com.au

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 30, 2010 - 5:10 am

    See the links I have provided somewhere to private binding rulings from the ATO regarding similar 'methods'. Some have been approved, while some rejected. It all depends on how you set it up really.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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