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speedymeadie
My father's Financial Adviser is of the very same opinion, as well as the potential for Inheritence Tax to be substantially increased and the current allowances reduced or disposed of completely.
(Got to pay for those benefits for those who contribute sweet FA into the system somehow I suppose!?!)
:-(
@lseo, not sure which FTSE100 because I'm in several of them, but to be clear, I'm not doing myself down. BR is talking nonsense about me "rightly" getting credit for "behind the scenes work" -- I'm not doing any!
I know pretty well what I bring to this board, a lot of bad jokes, a few good ones, some useful analysis on a few topics, and the occasional wild speculation (just like a lot of other people). Some of it is valuable, no doubt. Give me credit for that if you want. But I could have started GGPHelp myself and I was too lazy to do it, and the guy who wasn't too lazy is the guy who should get all the credit for that project. He's taken it far beyond what I ever would have done, it's a better site than I'd have ever made it.
Should read tome not time bloody predictive sex
@ TMT If we get to £1, it would probably mean retiring a year earlier than expected, and so at that level I'm sure we'd at least top-slice. A whole extra year just to do what we want to do? Yeah, very tempting.
I look forward therefore to your next time maybe even reach the heady heights of MK all time high share prediction! We will all be retiring quicker than anticipated
Please don’t do yourself down TMT, my post re Bottles baby was not meant in that vein at all!! Your contributions to this board are educated and significant and you have become one of the posters here whom I respect and take notice of, not only here but on a certain FTSE blue chip also!
ATB
Re my comment, there appears to be confusion. With tax -
Companies only pay tax on profits.
PI will only pay capital gains tax outside of TAX free ISA.
This is a JV and as such there will be $90,000,000 of drilling to offset against it.
There is also 2 years to spend the money made on profit. 30% will not even come into it.
This is also the reason why the gold in the ground will be a low number, Both companies need to agree the amount, market value has nothing to do with it. If they want to shake on $10 and a 6 pack, there is nothing the government can say about it.
You have to remember GGP(PTY) took the whole risk when they started out by themselves that risk is taken into account at the time of the 5% fair value is agreed.
The whole thing is set up to negate the need to hand over 30% of the gold to the Australian Government.
@Tymers "You dont neccesarily pay corporation tax on profits if your R&D claim counters the value of profits ."
Are you talking UK Corporation Tax / R&D, or Aussie? And how big of an R&D claim do you think GGP is going to have?
@BR, maybe Mickey's 74p should go on your Broker Forecasts page, LOL.
@lseo "Keep up the good work Bottle - we all know who’s baby it is and where the credit is due!"
Absolutely. I've had no input on this than what everyone here has seen, and it's nothing compared to what BR has done. Doesn't even deserve to be discussed on the same page.
I have a shneaky feeling GGP's profits are going to make their R&D budget look like petty cash....
You dont neccesarily pay corporation tax on profits if your R&D claim counters the value of profits .
@QF "Hi TMT I would be intrigued to know what your share level treats to yourself would be "
15p -- smiles and writes another long comment on the BB
18p -- smiles and writes another long comment, and tells the Mrs to quit bagging about her first full-bagger ever, we're not done
20p -- smiles and writes another long comment
25p -- looks anxiously at GH, sees he's still not talking about selling the company, smiles, and writes another long comment.
30p -- another long comment
Seems to be a trend here.
If company is sold at 30p, it's going to make for a really nice holiday upon retirement. Anything north of that and it will add to the money my kids will have to waste.
If we get to £1, it would probably mean retiring a year earlier than expected, and so at that level I'm sure we'd at least top-slice. A whole extra year just to do what we want to do? Yeah, very tempting.
We're not the type to just spend money because we have it. So the SP doesn't mean that much until we get high enough to really matter. I don't have as many shares as some others because we got in late.
@Bottle - what are you referring to?
ALB
Capital gains tax actually - according to my accountant there is the 11k allowance, 10% on the next 37k and 20% on the rest.
You only pay corporation tax on profits.
Hi Iseo. Boris gives no one iota of care for you or me, the tax man cometh. ATB Speedy
That would be extremely disappointing Speedy and I believe, political suicide for Boris if not outright civil war - our ISA is our (the working man/woman’s) only respite from the system!!
I’m 40% in my ISA and 60% not, but with an average of 1.8p and a big chunk of shares quite frankly my dear I don’t give a d*** I’m happy enough to pay my dues in tax when the time comes!
Hi Matty.No tax to pay today, tomorrow is a new day and with the gov needing more and more funds i see a raid on ISAS. I would love to pay HMRC £100k as it means a massive profit for me. Better still are Gold Britannias no VAT no CGT very little risk. ATB Speedy
My 2m holding is in an ISA, so no tax to pay here! :-)
Don't count your chickens before they're Taxed!
Oops Spoilsport I meant (in jest of course!)
Spoiltsport Ctc :-)
Tom, I can go along with that thought process, but to be conservative I would deduct the potential Australian corporate income tax bill of 30%
So in the range 52p - 63p
Newcrest's tax bill for 2019 as reported in their financial statement after adjustments was $272m.
So on an accounting profit before tax of $830m works out at 32.77%
BR.... Thanks for all your work... But forget the brokers. I'm going with MIckey!
Keep up the good work Bottle - we all know who’s baby it is and where the credit is due!