Remember I was telling you about what I thought was a total
scam that the Financial Adviser had told me about? The one
where if my shares went up to $110,000 I could increase my
borrowings to $110,000 from $100,000, and claim the interest
on the $110,000 as a tax deduction, even though I hadn't
actually bought an extra $10,000 of shares? Well in today's
Australian Financial Review there was an article about almost
the same thing, except with property. It was on about page
3 or 5, saying that the tax office had come out with a ruling
saying it was OK, but now were about to change their minds.
BFN. Paul.
@EOT:
--- Mksmsg
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