03 Dec 1414 ATO case study on improvements to LRBA assets
The ATO has published a case study involving improvements to limited recourse borrowing arrangement (LRBA) assets, in this case, an existing commercial property. The improvements update the premises from a florist business to an optometrist business. The case study concludes that as "there were no significant changes to the commercial nature of the property, updating the premises from a florist to an optometrist would not cause the commercial property to become a different asset".
To access the case study, go here