Looking at my Capital Gains Statement for the Navra fund, the calculations are based on the assumption that "the units you first acquired are the first to be disposed of". The calculations are base on units I purchased in 2004 & 2005. However, looking at my own calculations I was going to retain the 2004 & 2005 units and dispose of some 2007 & 2008 units instead. The difference is quite substantial in my favour when calculated this way. Am I right in thinking I can do this? As far as I'm aware this is a legitimate practice and acceptable to the ATO? The other thing I noticed is that the Navra statement makes no mention of the Managment Costs shown on the Navra Quarterly Statements. I assume I can add these to the cost base to reduce my capital gain (or increase my capital loss) even further?