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Very tru That fixes your LOC vs the offset concern ( which I have yet to see core evidence of it being "real time" if its properly set up) , but doesnt get around the LMI depreciablity question.. MANY LOCs have sad commercial considerations that most people dont know about. Some include 1...

Glad you said I. :) I dont see myself as in advesorial position to a soli or an acctant at all I prefer to work with em, that way we usually both learn something. ta rolf

Im not a tax adviser, but Id say its ok as long as there is no contamination of funds ( contaminatiion as happened in Domjan v ATO), and A "purchase" transaction of an investment nature occurs within a reasonable period of time. That may mean having to buy a small parcel of shares or the like...