3 September 2026 at 10:40 am #20402
Rick its a head scratcher as to why they would do that. The partnership must have surplus cash to be in a position to make the payment. If the property hasn’t been disposed of then its not a capital profit. Its really either a return of capital or a loan and they wouldn’t want it to be a loan! Unrealized market movement is a book entry as it hasn’t yet been realized.
Its simply just pulling equity out of the investment but for accounting, tax and SMSF purposes they need to be clear and hopefully there are some Trustee minutes.