Sirius Real Estate Share Price (SRE)

More buying of property earning 10% and selling of property earning 5%. It is what this management is good at and they are level headed enough to stick to what works.

AceOfClubs

Yup - heard back from Interactive. A reclaim of withholding tax will be made but they're only done annually, so yeah, not holding my breath, but not a problem really. Silverknight or others affected may want to drop them a note to ensure you're on their radar.

The bulk of the money paid out by SRE on the 25 January was not an equity dividend but a PID (Property Interest Distribution) taxable at source at 20% under HMRC rules. If you hold in a SIPP or ISA with a decent broker they will recover the tax for you, but it's a tiresome task, HMRC are hopelessly inefficient - so it will take some months.

AceOfClubs

I'm also with II and hold mine in an ISA. Although the divi's been increased I've ended up with much less.

Okay - so i think this is explained here:

https://www.sirius-real-estate.com/media/2203/shareholder-taxation-section.pdf

the 20% withholding tax definitely explains the gap. need to work out whether or not the fact that i hold it in my SIPP makes any difference. ..