willmott update, yahoo finally, page-8

moveonup,

The tax deductibility is for investments in new forestry MIS's, not Willmott shares. These MIS products are offered by Willmott, and other companies. Essentially the MIS pools retail funds together to grow trees. This allows (subject to ATO product ruling) the inital capital amount to be claimed as a tax deduction against personal income. An important thing to note is when the project finishes (say in 15 years) the income derived from the sale of the trees will be taxed as 'income' (i.e. not 50% discount) and from $0 cost based due to the inital upfront tax deduction.

Another important thing to consider is the ability of the MIS promoter to be around over the next 15 years.

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