,,,I think that a buy-back dividend with FC, is much better than incurring a Capital Gain (in most instances)
,,this is especially in the 2025 tax year , as your marginal tax rate up to $200K of Total Income, will be equal to the large Co. tax rate, of 30%
,,,this means that if your only (TOTAL, i.e. grossed up) income is from a $200K Fully Franked(FF) VGW dividend, then you'll pay no tax on your total income, (i.e. FF dividend grossed up to $200K), and get a refund too!
,,,where as if it a Capital Gain, you'll pay about 32.5% (incl. ML) on the profit (Sale - Cost of Sale)
You note precious FC,,, but don't forget,,,precious to whom?,,,
,,,It's to us, as shareholders, who get the FF dividends,,,not the Co.
,,,and every time Co. tax is paid on Co. profits,,,,the FC build up again
