andrewsportfolio,Thanks for posting and a new thread is a good...

andrewsportfolio,

Thanks for posting and a new thread is a good idea.

I think the part of your post:

"You are only assessable on the distributions you receive, not those paid during the year and if you sell BJT then, assuming you have held it at least a year, 50% of the gain is brought to account in your return."

....obviously related to the issue of whether you are assed on the full year taxable profit if you have only held since say 3-4 weeks ago such as myself. Your comments above are indeed common sense.

I believe what (myself included) many are either unclear or confused about is the Taxable Profit for the half year (or the full year if that's how long you have been holding). Clearly even for the half year we know it is more than 5 cents. This is really the point. Do you agree? nd if so, then (again let's just say it is for teh half year) are we not assessed on that figure and not just merely what we receive?

Comments welcome. Cheers.