Rawbaws,
Everything is taxed at your hands now. That'st he bottom line. There's no double taxation at all. The full implications of this judgement are also confusing. As a result I have sought clarification from my Accountant about what it means for me.
I am quite sure that the gain on the Shinjuku sale will be passed down to unitholders for assessment purposes. I can't say if this type of situation would have been the same say last year but alas.
Also, I don't think it means that you inherit capital losses. It's very one-sided but hey that's how the ATO work. Their way or no way at all.
BJT
babcock & brown japan property trust
