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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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Keith KENDALL

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