pooled development fund -cgt free. Lion is a pooled development fund . Capital Gains and Dividends Tax Free . Paid out about .47 cents in Tax Free dividends over the past 3.5 years . Check the yield on that . It has flagged the sale of its IAM gold shares . Realizing it a profit of 30-40 mill . Wait until it pays out that little beauty . The punters will come chasing more Tax Free dividends .