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JN Pty Ltd is the trustee of a medical practitioners family trust. After obtaining mortgage finance the trustee purchased the doctors home and leased it
JN Pty Ltd is the trustee of a medical practitioners family trust. After obtaining mortgage
finance the trustee purchased the doctors home and leased it back to her for a
commercial rent.
Is the trust entitled to a deduction for interest on the mortgage?
You should support your answer by referring to the following Taxation Law Cases: FCT v Janmor Nominees Pty Ltd (1987), FCT v Kowal (1983)
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