On June 23, 1999, about 1605 Alaska daylight time, a wheel equipped Taylorcraft BC-12D airplane, N95064, sustained substantial damage during landing at the Lakloey airstrip, a private airstrip about 9 miles southeast of Fairbanks, Alaska. The airplane was being operated as a visual flight rules (VFR) local area flight under Title 14, CFR Part 91, when the accident occurred. The airplane was registered to the pilot. The certificated commercial pilot, the sole occupant, was not injured. Visual meteorological conditions prevailed, and no flight plan was filed. During a telephone conversation with the National Transportation Safety Board (NTSB) investigator-in-charge (IIC), on June 24, the pilot, who is also a flight instructor, reported that he was practicing touch and go landings from the right seat in preparation for student instruction. The pilot reported after landing on runway 06, he was doing a high speed taxi with the tail up. The pilot said he lost directional control and ground looped to the right 90 degrees. The airplane subsequently collided with trees about 10 feet south of the runway. The pilot noted that the airplane did not have brake pedals installed on the right side. The pilot stated that there were no preaccident mechanical anomalies with the airplane. The airplane sustained substantial damage to the left wing.