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PIT bull terrier! Sorry only joking. A PIT is Ed Chan's "Property Investors Trust". If you do a search this has been discussed in detail previously here. Cheers - Gordon

Hi again Chris, Thanks for the further information. I use your HDT deed and have harrassed poor Dale/James just moments ago in relation to this. I'm eager to see what the outcome is in relation to redemption of income units in addition to interest deductions. We were hoping to redeem...

Thanks for that information Chris. However unless I'm missing something here the above statement appears to paint a very bleak picture for those of us with HDTs! Cheers - Gordon