andrewsportfolio,
Quick question by way of a clarification. As near as I could work out myself prior to the distribution announcement, I calculated about an $18 million Capital Gain on the sale of Shinjuku. This Capital Gain included the 50% general concession as the asset was held for more than 12 months. I used an exchange rate of 1:73 AUD:YEN.
In the distribution announcement they have told us that the taxable gain is 16.7 million so this tells me that my calculation was correct (give or take) and that the exchange rate they would have used to estimate 16.7 million would probably just be more up to date.
Just to be sure though, do you interpret that 16.7 to be teh taxable gain after the application of the 50% General CGT Concession?
BJT
babcock & brown japan property trust
