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The Deductibility Of Interest: Where To After Anovoy?

Published on 01 Jul 01 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

April saw the Full Federal Courth hand down its decision in the matter of Commissioner of Taxation v Anovoy Pty [2001] FCA 447 (Anovoy). By majority, the court found that interest payments paid on funds borrowed to effect renovations on a building intended to produce assessable income were not deductible.

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Author Photo - Keith Kendall CTA
Dr Keith Kendall CTA
Dr Keith Kendall is a Barrister at the Victorian Bar, specialising in all aspects of taxation law at both a Commonwealth and State level. Prior to coming to the Bar in 2011, he worked in the Tax Services Division of Deloitte in Melbourne for over 10 years. Keith's practice encompasses all aspects of the tax litigation process, including objections and settlement negotiations, as well as the provision of opinions. Until 2016, Keith was the co-ordinator of Tax Law programs at the School of Law at La Trobe University, where he was a Senior Lecturer. Keith is a regular presenter on a wide range of taxation topics. As well as being a member of the Victorian Bar, Keith has also been admitted as an interstate member to the South Australian Bar and the Queensland Bar. Current at 06 December 2016 Click here to expand/collapse more articles by Keith KENDALL.
 
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