A question for Nick (I'll ask it here for everyone's benefit ... there may be others in the same situation). I acquired units in a managed fund through my trust, and then later, I used them as collateral for a margin loan (ie I transferred them to my margin account). I have since redeemed the units, and have received a statements from the fund manager which shows the capital gains/losses for the holdings. However, their statement calculates the gains from the time the units were transferred to the margin lender, and don't take into account the time previously held directly by my trust. Am I correct in asserting that the statement from the fund manager is incorrect, and I should calculate the gains/losses from the original acquisition date by my trust ?