investment

[Wm...]

Tue, 14 Jul 2015 10:43:35 <1436895815598-4679447.post at n4.nabble.com>
nosherwan <nosherwanh at gmail.com> wrote...

>What should I do if some of my relatives gives me money for investing on his
>behalf in those case,  buying a property, when the price goes up I sell it
>and then we share the profit.

This is an accounting and possibly moral rather than gnc question.

Now I've said that what I'd do is ...

work out if the money is a gift or not, i.e. if the whole thing turns to 
rubbish do you owe the relatives money or not?

Y'see, a gift with strings attached isn't a gift, it is more likely a 
loan and therefore you should enter it as something along the lines of

Liability:LoanFromRelatives           1
Assets:LoanFromRelatives         1

then use the Asset in the normal way.

If it is a genuine gift then use Income in place of Liability though 
some people might argue for Equity rather than Income, but as above, 
this isn't a gnc question really and you haven't said where you live and 
we don't know about the taxation regimes in your country and your 
relatives and so on ad infinitum.

Hope that gives you an idea in general, one leg is asset, the other leg 
is a moveable feast.

Depending on the eventual outcome, which could take some time, I'd 
suggest you call again later.

P.S. I like the price going up presumption, where can I buy some of 
this?

-- 
Wm...