Thanks Tibbs.TU?Minerva, do you mean the 'transfer cost' as the...

Thanks Tibbs.
TU?

Minerva, do you mean the 'transfer cost' as the fee say Commsec charge for an off-market transfer? I have claimed those as an expense because they are invoiced separately, but not sure if that is 100% correct though, you could argue it's like brokerage, an acquisition cost, and like you, I ain't getting into a stoush with the ATO!

Also, brokerage isn't a service cost in relation to running the fund (unless a trader) but a capital cost. Theya re quite specific on this I think.

Cheers all. Good discussion