http://law.ato.gov.au/atolaw/view.h...iT=99991231235958&recnum=8&tot=8&pn=ALL:::ALL
FYI - Above is the link to the ATO tax ruling on limited recourse loans. It would seem market commentators - Tony Rumble and Stuart Washington from the SMH predicted the ATO would rule against the tax deductability of all Limited Recourse Investment loans!
FYI - Above is the link to the ATO tax ruling on limited recourse loans. It would seem market commentators - Tony Rumble and Stuart Washington from the SMH predicted the ATO would rule against the tax deductability of all Limited Recourse Investment loans!