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Only the actual gain would be taxable, so if you sold them for £5 a share and bought them for £2, then the gain is £3.
You could also use the opportunity to offset any losses. Most of mine are in an ISA, so no tax for me
Tesco takeover target well its a nice thought £5 .. £4 seems a more likely price unless Morrison’s bid ends up at 295p
Ah fair enough, that's different to my understanding, always thought it was a flat 18% over and above 12k. Never been lucky enough to make enough on shares in a year to make that an issue..
When profit is added to your other taxable income...depending on whether you fall into basic rate or higher rate tax band, your tax is 10 or 20% since its not residential property. Yes the first 12.3k of capital gains profit is tax free. Its all a bit confusing and honestly unnecessary hard work. Wish they would keep it simple but that would mean less civil servants and accountants needed to manage the system.
On any gains over 12k, yes. Taxed at 18%
Assuming Tesco were the subject of a takeover,am i correct to think an individual shareholder might receive £5 per share held.
ie 10000 shares held at £5 = £50000.
Is this subject to CGT.
moniman > Yes the board should/could and would never recommend anything lower than last done i.e Morrisons the large players ie institutions would vote against any such move IMO.
Tesco's sales alone are more than 300% larger and the DY is a whopping 60% higher at 4% compared to 2.5% for Morrisons.
Furthermore, the growth rate of Tesco is currently sitting at 8 % and Morrisons is a negative -3%.
That could attract a like for like valuation in the region of +/- £ 30B compared with a current valuation at +/- £ 18B.
While the dog is chewing over his dinner he thinks the ones that have been kicked out of the running for Morrisons might also reconsider finding a bone elsewhere before returning home empty-handed;-)
I would say that anyome wanting Tesco would have to pay well over 500p using the Morrisons bid value?
Badgernator Yes was aware Amazon had held some talks with Morrisons in the past but guess now they have missed the boat and may have to consider changing the pie for a larger one;-)
Buying tesco would be pocket change for Amazon and if they’re serious about getting into British grocery market Tesco would be an ideal acquisition.
moniman - Agree once the dust settles all the analysts shall be coming out the woodworks and scrambling with their revisions it's a no brainer opportunity at these low valuations.
So latest bid for Morrisons is close to £10billion, so Tesco based on this is only worth 50% the value of Morrison’s on a pro rata comparison? Plenty of upside here then?
Bye
JUst revisiting this and shocked after the BS SD with less shares in free float this has not even achieved the price just prior to the consolidation. With the debt level (that could have been wiped) and still a pension deficit this is one to swerve it's not going anywhere. As i have said before i hold the BoD suspect after the BS SD and consolidation and have no faith...see ya
y11-shx .
You sold TSCO at 235.4 and intend to buy back at 232. At the end of the day, on a 1000 shares , you will end up in profit of £10, your broker and HMRC will make £12 each. I am loss to understand why you wish to do this exercise for such a meagre profit.
The simple answer is a lot of people who own tesco shares are as daft as brushes. The comments on Tesco BB are unbelievable just seen someone asking payslip/payday questions, STREWTH. In the run up to the share consolidation the same question time after time re the SD when the answer was sometimes a few comments below
Great news!!
I just need to be clear - Using the 28th May payslip, would this cover days from 30th Apr to 27th May (inclusive). I'm just trying to establish which is the first day to be included on the June payslip.
My wife worked two days /wk (thurs & Sat) 10.25 hours and has now retired, last day was 19th June so just checking that the last pay was correct for 1st to 19th June, not so easy as it includes Hol., Sick Pay (vaccine jab) and bank hol. leaver pay.
Pay office not that good at explaining things over the phone.
Thanks in anticipation.
Yes that’s correct and it was the right call as you can see and I’m dealing with more then 1000 shares so you would have to multiply by x
Its not about the money its about winning!
y11-shx .
You sold TSCO at 235.4 and intend to buy back at 232. At the end of the day, on a 1000 shares , you will end up in profit of £10, your broker and HMRC will make £12 each. I am loss to understand why you wish to do this exercise for such a meagre profit.
Just sold 235.4 set a buy back for 232.
And there was tesco getting us a excited and possibly entering the 240s where it should be at least.
But as it stands today 230s here we come..again.
Maybe it is a surf the wave share like sainsbury has been for me over the years.
moniman > Fully agree a very interesting article basically 'UK PLC'S are on sale however I do think it misses one key ingredient for why so many foreigners (Capital) are circling well established UK PLC as taking over targets apart from low valuations in comparison to USA/Canadian ETC listed companies which are the expectations that the Pound is going to strengthen strongly following Brexit this gives them a double safety net (Valuation & Currency Appreciation) in their favour.
Interesting article….
https://www.thisismoney.co.uk/money/markets/article-9788967/Pandemic-predators-threat-200-UK-firms-say-City-analysts.html