Q. I have only bought recently into the trust. Am I then liable...

Q. I have only bought recently into the trust.

Am I then liable for the whole years taxable income per unit (less 4c interim Dist) even thought I did not receive the interim distribution.

ei: 19.5c - 4c = 15.5c (less foreign tax credit of 2.5c)
= 15c odd of taxable income per unit (even though I will only receive the 5c full year Dist)

If the figures above are roughly correct then I will lose the whole 5c Dist in tax if it was all regarded as income.

However I think that a proportion of the income will be regarded as capital gains that I can offset against prior capital losses?

So in conclusion I am totally confused about the whole tax issue and dont know whether to sell mon or tues before ex div date (and realise a small capital gain which will be taxable anyway) or hold longer term.?????????