Just trying to confirm my understanding of th BHP Off Market Buy back 2011.
It appear to me that if your running a SMSF (ie tax rate 15%) then the buy back from a tax perspective looks very good.
The only constraint with that viewpoint is whether or not the fund has capital gains in which to offset the large capital loss that the buy back provides. If you don't have the gains you would nee to carry forward the loss and then potentially lose some of the upside via time value of money over the next year or beyond.
Does anyone have a view on this?