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| Failed Managed Investment Scheme (MIS) and Up front Deductions |
| Under the current law, investors in forestry MISs managed by Timbercorp and Great Southern may have their previous years' deductions denied because they haven't held their interests for 4 years. |
Under the current law, investors in forestry MISs managed by Timbercorp and Great Southern may have their previous years' deductions denied because they haven't held their interests for 4 years. New laws about to be introduced will allow the investor's deduction to stand where the 4 year holding rule failed due to events beyond the control of the investor. Please note that the 4 year holding rule only applies to forestry MISs and other agribusiness MISs are not affected. Contact Arthur Georgantas at this office for further information or email
7th-January-2010 |
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