wpl presentation implications and euroz report, page-27

re: hooter to hardmano..hooter You guys are pretty much on the right track with your tax discussions, but thought I would add some points to consider. For example, Hooter you mentioned that a Self Managed Super Fund is the best tax strategy for trading HDR. This may not always be the case for everyone. A SMSF is only entitled to a 33% capital gains tax concession and not a 50% concession as previously stated. However, you are correct that gains are taxed at 15%.

Additionally, it is extremely difficult to access funds from a SMSF until you are retired (which may be suitable in your situation but can pose an extreme concern for other hotcopperites!). The compliance costs of a SMSF are also quite high where there is a minimal balance in the fund (ie <$100k). A SMSF is required to have annual financial statements and audit prepared and depending what is involved can cost anywhere from $1k - $4k.

Chickenburn has raised a Trust strategy which allows the individuals to access the CGT concessions and stream the capital gains to members of the family group depending on their individual taxable income.