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Stock repurchased this morning and I was able to buy 1.46% more shares than what I sold yesterday - even allowing for stamp duty.
Actually a little less than £3.16 (about £3.14 with generous rounding) to allow for stamp duty on the transaction.
Sold at £3.211 so anything below £3.16 tomorrow will mean I have not lost anything.
Now, let's watch the price rise and rise for the remainder of the day....
I sold 10pc profit!!
@ash I had a similar thought, after filling a sending the tax forms. And also partly because the next time I claim, I want the full 35% back, because I'll be buying back in a SIPP! ;D
I'm going to sell the stock today before ex and then re-buy tomorrow after the (theory) drop in price.
I have spare money for trades that will expire soon so I'm not even going to be out the cost of the trade (and re-purchase).
Of course, there is risk to this in terms of where the price may go - and I do have last year's tax reclaim with HMRC presently - so will see what happens on both fronts.
Your mileage may vary...
@eviking You really just send a copy of your brokers trading statement! I thought you had to request Tax Vouchers from your broker to send, it took ages to get all of mine. Will totally be trying that next time!
@phil From what I understand, you can claim up to 3 years on one form. Also, form what I read here, it is easier the 2nd time round as you will have a file number etc. Planing to hold for the next couple of years so fingers crossed.
thank you so much! do I have to do this every time they pay q dividend or only once and done forever?
So on Wednesday the 5 of Jan sp will be 315-320. Thursday under 300
I Look at it this way if you bought today at 296. Wait until Wednesday 5 of January and sell before the ex div thursday versus holding it for the hassle of reclaiming the 20pc div tax is a no brainr.
Phil24681
1. First download the snapform viewer and form86. Google it and download it. 2. Find your brokers trading statement online and print it. 3.
Fill in your form with due diligence. 4 Send the trading statement to hrmc to get stamped. 5. Send it to the Swiss tax department and wait for about a month or so lol. I always sell my holdings now before the ex dividend date it saves a lot of hassle for sure
where do I get this form? can my stock broker deal with it?
Matthew
First time needed it stamped by hmrc 2nd time I needed to fill in the form correctly lol. It's clearly a white color job for the swiss tax lads would love a working for the Swiss tax office good pay 2
@eviking Well done getting the payout. Any chance you can answer any of my queries? What did your forms get send back for?
Matthew
Done it I got it send back twice before payout pulling out my hair in the process good luck
Going to bump this thread up with my questions as well. Please don't report me for spamming! ;)
So, now my questions;
Area 3; I assume my broker details go in here.
Area 4; The postcode of my bank branch or head office? or is it my postcode?
Area 5; Clearly 'Ferrexpo Plc' but what do they mean by 'Name of debtor'?
Area 6; If I added, i.e. no. of share is increasing would I just put the last purchase date of any share I bought? at least, if it is within a year? For all of 2021, I just put 'before 2021' but the entries for 2020 I put '10.01.20' as that was my last purchase at the time.
Also Area 6, col 4; Am I correct in thinking that they want me to look up the pre-div price of the share and calulate the % of the payment?
Grateful for anyone who can give me any advice. I am clearly not an accountant.
Surprised c rise yesterday demand 4 iron pellets Lees and iron ore prices falling
Hi there, only recently brought theses shares not had any dividends yet. Do I need to wait before I get dividends before I can claim tax refund? And once I've claimed it do I automatically get all the tax back or have to claim everytime? Thanks.
*Jan 2022
Chased ii up. Seems part of the problem is they can't get information from my prevoius broker EQi (god, they were rubbish). Fingers crossed that I get some joy in the coming weeks. Planning on trying my first claim (for 2020 and 2021) in Jan 2021.
@Suffolk You are a step futher than me. I was told by my broker (ii) that they would send them to me and I am still waiting a month later. Great dividends on this stock but what a pain to claim back any of this withholding tax. I am guessing this is one of the reasons the stock still seems undervalued.
I've just sent my FORM 86 of to HMRC for certifying. I called them and was told to send to: PAYE & Self Assessment, HMRC, BX9 1AS
Completion of the Form 86 is pretty simple with Snapform Viewer and once completed it's a normal PDF print-out.
My question is, where in HMRC is this sent for sign-off before being sent to Switzerland.
We're also agreed that there will be no more dividends this year aren't we? The next one (from dividendmax) looks like right at the beginning of 2022 but I'm also eager to send mine off with the share price so low.
You'll need to download snapform viewer on that page first to bring up the forms.
Click my name and scroll through my last page of messages, it's mostly there. I don't know where to send it to yet, waiting to see if there's a divi before the end of the year before I post my copies off.