Mark Halsey, in-house legal counsel at Licensee Solutions and Principal of law firm Halseys, was recently quoted in Investor Daily and Australian Online Broker. Mark describes how advisers who help clients effect certain investment loan interest payment arrangements (often marketed as enabling clients to pay off their home loan sooner) can be labeled as "scheme promoters" by the ATO, falling foul of the general anti-avoidance rule in Part IVA of the Income Tax Assessment Act 1936 (Cth). To read the full article in Investor Daily, please click here. To read the full articles in Australian Online Broker, please click here and click here.
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3 February 2014