If you are thinking about participating in the buyback PLEASE get financial advice before participating and be aware that the taxman is deeming that the proceeds on the sale of shares in the buyback (at the probable price of $4.05) will have a capital proceeds for CGT purposes of $2.30 not the $1.50 capital component to be paid by Telstra. Depending on your tax structure you could lose out big time on the buyback. It's possible to net a return of less than your cost base without accruing a loss for CGT purposes. PLEASE do your homework before participating.:wacko:
