Recent content by Theo

Thanks babushka, and also steveadl.. that's an interesting idea about audit cover through home policy. I'll check that out.

I received a letter offering audit insurance recently too, and am considering which way to move on it. I'm aware of the negative view that DaleGG held about this insurance. If I don't want to take up the offer I'm supposed to sign a decline statement, part of which reads ".. [accountancy...

Thanks for the replies. Just found another thread about this from earlier in the month...

Recently my accountant has written to me offering audit insurance. I'm not really sure what to do about this. I was under the impression that accountants take out insurance to cover their extra costs involved with audits. The cost of their premium for this insurance is a business expense...

Hiya dee I've been thinking about putting something like this into place also. Could I ask you how much you're paying for this please. Theo

Hiya JenD talks about "funds" (plural). If the rebate is treated as a reduction in cost base, which fund is it against? Or does it reduce the cost base of all funds according to some kind of apportionment rule? Ta

Thanks for your reply Manny. I can see that it would be useful to do that for internal tracking. Regards Theo

Hi manny For my knowledge, why is there a need to keep record of this in the trust's minutes? Is that just a personal decision? With a discretionary trust, I thought it's not necessary to predetermine where income will go. That is, one of the advantages of a trust is flexible distribution...

Thanks Mry for your helpful thoughts. I do understand that what you've written is to be taken as general comment only, and I can reassure you that's the way I am taking it. Thanks Theo

Thanks Mry, I appreciate your reply even if it wasn't what I wanted to read! After reading Julia's post, like you say.. a mess. I believe it's a case of option 2 but it seems like there's going to be an issue about interest deductibility on the $30,000 when I come to invest. Can you...

[/B] I'd be interested in getting opinions about how deductibility of interest applies in my case. Using the security of my PPOR, I established an interest only loan to purchase shares. The loan is linked to a 100% offset account. The clear purpose of the loan was investment. When the...

Thanks for the replies. Geoff: I'm in Brisbane and I checked out the Sabre link. Interesting because it reads just like the Megasealed site. Maybe they get the stuff out of the same vat. For fun I checked whether the Brisbane testimonial makers existed in the online white pages - not a one...

Hi all Recently had water seeping from an upstairs shower which caused problems on the ceiling below (how I noticed the problem). Am thinking of getting the 'Megasealed' treatment (www.megasealed.com.au) to address the problem. It's expensive but not as expensive as pulling the shower...

*bump* Steve, don't forget that (educational) spreadsheet please. While I'm here......... Does attendance at your seminar entitle to a one on one consultation? Who is that with, you? Can the strategy you've presented be suitably undertaken within a hybrid trust structure? Do you know...

'On ya Steve. I look forward to your spreadsheet in due course. Theo