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Thank you. I guess what I'm saying is that the special dividend is getting paid into the "cash" part of my shareholdings and not into my bank account. So is the tax payable if and when I withdraw it? Or when its credited to my stocks and shares cash holding account? Ive never gone over the 2k tax dividend limit before so its never reared its head for me.
s1
''Does anyone know when this will be sorted.''
No. You won't know what is happening until you contact your provider.
I use HSBC who have yet to adjust for the consolidation. I will relax and wait until they have. Not worth any concern.
As from about 3 pm this afternoon the whole value of our Tesco shares vanished from our bank portfolio - a previous value of over £25,000 in our portfolio is now standing at 0.
Does anyone know when this will be sorted.
Tig
''The declaration that the proceeds from the sale of the Asian business would be paid out to shareholders DID NOT result in an immediate 51p rise in the share price.''
Why would it?
you need to go back to school.
Does anyone expect an immediate spike in share price equivalent to the next declared dividend amount?
f77
''there was no need for this special dividend''
thanks for your irrelevant opinion.
Better to have an opinion before a decision has been made and agreed.
Tig
''you are constantly searching for confrontation''
It's called education. No need to thank people with that.
If you want to continue with misconceptions then I and maybe others will let you get on with it.
LTI,
I think you should really respect everyone's opinions.
In my view Tesco could have used that money in a different way, i.e reinvesting that money in the business or buying shares, that way the share price would go up, there was no need for this special dividend
unless you are a higher rate tax payer
2k threshold is for 'income' dividend.
If you are counting this asset sale as being income then you would be making a donation to UK plc of 7.5% above the threshold.
Yes sorry thats what I mean. At what point is the dividend tax payable? When withdrawing from the investment account or when its paid into the investment account from Tesco?
Ade
I think you mean dividend tax. CGT is something different
Because isn't it above the 2K threshold? Sorry confused.
A
Why would you pay CGT ?
When my circa £7000 "special dividend" gets paid into my investment cash portfolio does anybody know at what point I would have to pay capital gains tax?
Tig
''Exactly, the market did not add the dividend to the value leading up to today. Upon declaration the price did not jump 51p''
ffs have you and others got a brain?
When the Asian asset sale was announced and the market knew what the proceeds were going to be from the sale, the market cap then reflected these facts .When was that, March? (cannot be bothered to check)
eq
''Longtimeinvestor - looking at the sp over the last few years, when was the 51p added in value to it? ''
The value from the Asian asset sale was incorporated into the Tesco market cap.The share price has not reached near 300p in recent times. I had earmarked to sell some shares at 270p which it also hadn't reached. You may be looking at a graph that has been put out by the return/consolidation as per the link showing the share price at over 300p just a couple of weeks ago.
https://uk.finance.yahoo.com/quote/TSCO.L?p=TSCO.L&.tsrc=fin-srch
The Tesco share price has held up well since the start of the Covid 19 market sell off mainly due to the asset sale and what was to be done with the proceeds.
Equilibrium_TBC,
Where are you seeing £3 in the last year? Using the Charts button above, with the timescale set at 2 years, the highest it's been in the last year or so is about £2-58 in Dec 2019 / Jan 2020. That was a result of a dramatic rise up which was probably the result of their RNS announcement of 9 Dec 2019 "Statement regarding Asia". That's probably the bulk of your 51p added value. And those prices were, of course, before the effects the COVID-19 pandemic had on the markets starting a couple of months later.
Mike.
Yes, you'll get special dividend based on your original holding. But to get your holding back up to where it was you'll need to reinvest your special dividend. Just a fair balance sheet shuffle. But if there is a significant uplift in SP by time you get your cash you'll be worse off. Plus trading expenses. On the whole, it will make the company more efficient and hopefully more inevitable (but just hope SP stays down before feeling compelled to buy back to original level). Dividend tax is annoying but hope that will cancel out as we near £3 and beyond.
ec ryder ah yes silly me got it now
Longtimeinvestor - looking at the sp over the last few years, when was the 51p added in value to it? This time last year the SP was higher at around the £3 mark. Surely if the dividend value was added we should have been up around the £3.50 mark before today's action leaving it at £3 again now. I'd expect that this value at present is low and will be re-rated especially with dividends going back into buying more shares. A £2.80 mark surely is where we should be in the next few weeks or so?
Spindler
you are probably looking at the wrong fact sheet on Hargreaves. There are two - one for the old nominal value at 5p and another for the new post consolidation nominal value at 6p plus.
Well I did it in my HL SIPP ... just a few to see if it worked. Anyway this site lists >10,000 trades today so it must be specific to your account ??
just loked again shows nothing just a number to call
So if we put the sour grapes behind us including mine, i sold few week ago on the rns around the BS SD. Where do we see this SP going ? close to or £3 or smidgen above £3 ? I think it;s got the legs on it ? Other views ?
Spindler, you can now as I just did