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The Deductibility Of Interest: Where To After Anovoy?

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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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Dr Keith Kendall CTA
Keith is a Tax Partner at Rigby Cooke Lawyers in Melbourne. Previously, he was a Barrister at the Victorian Bar for almost six years, specialising in all aspects of taxation law at both a Commonwealth and state level, providing opinions as well as handling all aspects of the tax litigation process, including objections and ruling applications. Prior to coming to the Bar in 2011, he worked in the Tax Services division of Deloitte in Melbourne for over 10 years. Until 2016, Keith was the coordinator of Tax Law programs at the School of Law at La Trobe University, where he was a Senior Lecturer. Updated by Kathy Xu for the New Member / Grandaunts Cocktail network events on 31 May 2018 - Current at 01 August 2018
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