John,Thanks for your response. I have looked into this and...

John,

Thanks for your response. I have looked into this and currently have $16,000 of div imputation I can lose.

What you say is definately right in relation to determining trading profit and losses, however when it comes to determining whether you are a "qualified person" for div imputation refunds then LIFO applies. Have a look at page 6,7 of the attached for proof.

http://www.asx.net.au/documents/products/taxation_holding_period_and_related_payment_rules_aug_2010.pdf

Please please tell me they are wrong and save me $16,000 !!

Cheers

Davmarc