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Ben Ellingsen

  • Ben Ellingsen replied to the topic Break Cost of switching fixed rate to variable rate? in the forum Finance 15 years, 5 months ago

    It is interesting to note that there are about 6 different borrowers who are before the courts challenging the validity of the "break costs" charged by financiers. I know that it does not answer your question, but just thought you would be interested to know.

  • Ben Ellingsen replied to the topic Cash flow strategy. Is this Legal in the forum Legal & Accounting 15 years, 5 months ago

    PaulProviding the finance products are separate products and not "under the one umbrella" as one facility, I don't see a problem – from a Tax Office perspective. If they are one facility, the Tax Office would apply Part IVA of the Tax Act which basically says that what you have set up is a sham and they remove the tax benefit and charge interest…[Read more]

Ben Ellingsen

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