Australian Tax – Getting a Tax Deduction For Interest When Investing in a Hybrid Trust
The Full Federal Court of Australia recently handed down an important tax decision concerning whether interest can be tax deductible in a situation where the money has been borrowed to invest in a hybrid trust. A hybrid trust is one where there is a mixture of a discretionary and a fixed component. The taxpayer in this case had incurred over $860,000 of interest.Filed Under Earned Income Tax Credit | Comments Off
Tagged With Earned Income Tax Credit, EITC
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