Following the Bamford decision, the Trust’s distribution need not reflect taxable income. Accordingly, the final distribution will be based upon the Trust's cash
position
so what is the cash position? is it after tax and deduction? but as it said...distribution need not reflect taxable income!!
so sound like whatever cash balance is at the end of the FY, they will pay that out as dividend.
we need some accountant here ..
Copper...any comment?
BJT
babcock & brown japan property trust