ATO PRODUCT RULING FOR ITS PROPERTY INVESTORS TRUST® DEED – EXCITING ANNOUNCEMENT: CHAN & NAYLOR GETS ATO PRODUCT RULING FOR ITS PROPERTY INVESTORS TRUST® DEED
Exciting news from our Legal Department
We have just been notified that the ATO has granted us a new PRODUCT RULING PR2014/15 for our “PROPERTY INVESTORS TRUST® DEED” (PIT®) and its effective from the 1st July 2014. The link to the ruling on the ATO website is here. PR 2014/15.
This is extremely good news for our clients and a pleasing result from the legal team headed up by Ken Raiss.
Ken has been the driving force behind getting the Product Ruling in the first place and has put Chan & Naylor once again at the forefront of innovative products developed for our property investor clients
This will continue to give our existing and new clients certainty of their interest tax deductions when they purchase an investment property using our Property Investors Trust Deed
In addition to not having a Vesting Date the PIT® gives you asset protection and flexibility with Estate Planning and tax planning.
Refer other articles in the website for a detailed explanation of the Property Investor Trust® Benefits
In addition it’s the only privately administered Trust Deed in Australia that has a Product Ruling from the ATO giving certainty to deductibility of interest on loans as long as you comply with the ATO requirements of the Product Ruling
Ed Chan (Non Executive Chairman and Founder)
PS: Make sure you see your Chan & Naylor Accountant to determine whether the PIT® is the right product for your circumstances before ordering the product as every one’s circumstances are different and the PIT® may not be suitable for your circumstances.
Disclaimer: If you intend to rely on any of the information in this document to satisfy liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law, you should request advice from a registered tax agent. This information does not take into account your individual objectives, financial situation and needs. You should assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. The information contained in this article is given in good faith and is believed to be correct at the time of publication, but no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors or omissions (including responsibility to any person by reason of negligence) is accepted by Chan & Naylor, its officers, employees, directors or agents.