Thanks for your thoughts Zwu,but the real key, i think is what...

Thanks for your thoughts Zwu,

but the real key, i think is what percentage of the Timber MIS funds are actually spent on planting the trees.
To claim a 100% upfront deduction, TIM need to spend 70% or more on planting the trees.
The remaining 30% goes towards advisors fees, etc etc and TIM's profit.
If TIM is only spending 60% of funds raised on the trees, then either, there will be no allowable deductions, or more realistically, TIM will have to increase the amount spent on lanting (and lower its on GP). But does anyone know what this amount it?
regards