ATO's draft 'mates' rates' ruling by end of October

Friday 10 October 2014

The Australian Taxation Office is finalising rules about self-managed super funds borrowing money at "mates rates" to buy investment properties, amid concerns investors could be receiving inaccurate guidance about potential tax liaibilites. An industry taskforce of financial advisers and tax specialists has been told that a draft ruling will be circulated before the end of October with a final decision being made by the end of 2014.

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