Some more info: Bamford - a win/win
http://www.webbmartinconsulting.com.au/uncategorized/bamford-%E2%80%93-a-winwin/
the bit that interested me
"The decision confirms that the term ‘income’ of the trust estate for section 97 purposes is income as determined by the relevant trust instrument. As such where a trust deed essentially equates income to taxable income under section 95 of the ITAA 1936, or empowers the trustee to determine the income of the trust, assessable net capital gains can be regarded as income for distribution purposes, and so the trustee is able to decide to distribute the assessable net capital gain to beneficiaries."
Given that the recent sale realised 16cents per share, I wonder if any will come our way as part of the dividend?
BJT
babcock & brown japan property trust
