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update... Assuming you bought for $3.50
I believe that tax deffal will be 65% and so I calculate


Update on MIG tax position:
Assuming a 65% tax deferral:
• 63.5C is received in dividends (one share)
• Tax is payable on 22.225c (35% of the dividend)
• Original cost basis is reduced by 41.275C (65%% of the dividend)
After 5 years the investor decides to sell MIG market price of $4.50.
• The original cost basis of $3.50 has been reduced by 41.275C (65%% of the dividend)each year for five years resulting in a new cost base of 143.625c
• The sale price of $4.50 less the new cost base of 143.625c results in a capital gain of 306.375 c
• Under the concessional capital gains tax regime 50% of capital gains are taxable,