Journal entries are not Loan Agreements: ATO Commonly Dad borrows money cheaper than his trust. In this recent case, Dad borrows money from the CBA and gives it to his trust. Everything goes wrong. In Chadbourne v FCT  AATA 2441: the taxpayer, Mr Chadbourne, borrows money from CBA he on-lends the money to his family … Continue reading Journal Entries are not Loan Agreements: Chadbourne v FCT.
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