Two separate auditors have told me the bare trust set up is a borrowing cost. The whole structure is set up specifically so the fund can borrow funds. Both have audited funds on this basis. Check with your own accountant/auditor
Costs for the setup of bare trust and relevant trustee so the smsf has the correct structure to borrow are written off over five years as mentioned. Direct debit is ok and yes keep all invoices for accountant and the auditor
