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Nonrecourse I think this is a very valid point. We continue to use our pre investing accountant for exactly this reason. He has his own area of expertise which he has developed since we first went to him when he was a standard suburban practice , but he has few "sophisticated investors...

Gee, all this talk of PBR's made me go an pick up a bottle of Private Bin Vat 47:D Cliff

Sounds like a great idea Dale :) CLiff

Yes Dale I think your last post really doesn't adress the reality of how the legal system works in Australia. there have been situations in the past where large groups of people have participated in what many considered to be acceptable schemes only to get a nasty fright and a painfull...

Yes, but while it still fails to go away at this stage as do most contentious issues on the forum . Was it inappropriate for Julie to post the link that started this thread ? Yes , some medicines do work when they are used appropriately and some are dangerous if used inappropriatly ...

I think it's important to have open and frank discussion about any contentious issue that relates to property investing. Otherwise are we spending time here ? That way every one is aware of potential issues of concern . Some people are happy to push things to the limits , whereas other...