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Notes Online Home 2020 Tax Hot Spots II What's new
Taxpayer’s rental property ownership structure ineligible for interest deduction
This segment discusses the ATO’s views on this matter as well as the recent decision of the Administrative Appeals Tribunal (‘AAT’) in the case of Chadbourne v FCT [2020] AATA 2441 (‘Chadbourne’s case’), which highlights the dangers of acquiring negatively geared income-producing assets in a discretionary trust:
• Deductibility of expense incurred by a discretionary trust beneficiary – TD 2018/9
• What were the facts in Chadbourne’s case?
• AAT examines operation of S.8-1
• Mr Chadbourne’s contentions
• ATO’s contentions
• Decision handed down by the AAT