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Donald FBU proceedings

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In summary Bob has the ability in this example to exchange assets for cash and tax deductions... In summary Bobs rental and concessional contributions which he has claimed a deduction for are being used to reduce debt in the SMSF... In summary the S13.22C trust allowed Bob to use funds from his SMSF to reduce required borrowing on the land purchase and then claim deductions for the land lease and interest to offset the unit trust distribution he will receive...