SPP - How Many ?, page-10

This is how I see it if you sell now to pay for your SPP allotment you will have to pay tax on the sold shares considering you have made a profit. (if not it doesn't effect you unless*)

If you havnt held them for over a year you will pay your marginal tax rate.

But If you have held for 12months you pay half of your tax rate.

The down fall with selling to purchase you might not be allocated the full 15k worth if that's what u are hoping to apply for if its over subscribed - which is looking likely now with the rise in share price and you may have to purchase back at market price which may or may not but is looking likely to be higher.

*The other factors which I hope doesn't come into play is if we are taken over within the next 12months and you have sold and re purchased in the SPP you again wont be eligible for the 12 month 50% tax consession.

Cheers oldmate