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Reply: 3.1 From: Dale Gatherum-Goss Hi Michael! Yes, you could, I guess, as the asset is now trading stock if you were flipping the properties . . . As for wraps, mmmmm, I'd have to think that through. Dale

Reply: 2.1.1.1 From: Dale Gatherum-Goss Hi Lotana You wrote: "If that's the case and deposit bond purchase is not allowed as an expense rather forming a part of cost base, then the interest on the borrowed money to buy a deposit bond surely is allowed." Yes, I would agree with your...

Reply: 2.1.2 From: Dale Gatherum-Goss Me again It's just a thought, but, I have been looking at some of the paperwork that I obtained from Deposit Bond Australia (GE Finance) and although there is a summary of the "benefits to the buyer" . . . a tax deduction is NOT one of the benefits...

Reply: 2.1 From: Dale Gatherum-Goss Hi I have nothing in writing, only a verbal opinion of the application of the law. The officer who came back to me seemed to be familiar with how deposit bonds worked and said that: The costs are not incurred in earning your income. So, they failed S...

From: Dale Gatherum-Goss Hi! I have just had a phone call from the tax office legal people to explain their view on deposit bonds. They take the view that the cost is not tax deductible at all. Furthermore, that the cost is not part of a borrowing cost. The only good part was that we can...