Member Info for Bonz1957

Love the sense of humour, however doubt I will live long enough to see the end of their sale - and i'm only 56!! ATB.

Re CGT, you may find the link below useful when trying to work out the base cost of your shares. http://www.nationalgrid.com/NR/rdonlyres/E885105E-EF1A-476C-803E-B19023825A22/41594/CapitalGainsTax.pdf Definitely one of the more difficult ones to work out, especially if your holding came from more than one source. Made even more complicated if you have taken divs as shares and took up the Rights Issue. Or take the cowards way out and don't sell more than £10,900. ATB.

Mine arrived by Postman Pat today, so yours should be with you soon. ATB.

Is this your CV for a marketing job at BAe? ATB.

They don't always arrive on the same day, and mine will be coming by cheque so will be next week some time. ATB.

It would appear so. 75p per share. ATB.

Interesting series of posts. Totally agree that this needs to stay British. ATB.

...."so I could castigate them"..........Sounds painful!! Don't sit on the fence M8, tell us what you really think. Take out the div and it's only just over £21.50. If it has to go then I'm with you on holding out for £30 - would be very nice indeed considering I've been here since privatisation. Though would rather keep it in my portfolio for the yield.

As a long term sufferer in their VCT3 and VCT4 investments, prior to the amalgamation into OEC1 it is hard to disagree with you. VCT's seemed like a good idea back in '05, 3&4 even managed a NAV above £1 in '07 before the financial meltdown, but since then it has been disastrous - Right product.....Wrong time :-(( Yes I had my 40% tax rebate, but will only just see my other 60p a share returned as divs, if i'm lucky. To break even after 10 years is not exactly a disaster, but would have been better off stashing the cash in a savings account, even at todays miserly 2%. Thankfully the majority of my other investments have performed much better. Will never invest in a VCT again. AB.

How's that short of yours doing? Hope too many didn't act on your 'strong sell' recommendation. ATB

Not quite at an all time high just yet. The FTSE 100 reached 6950.6 on 30/12/99. But nice, after 12+1/2 years, to see it heading that way again. ATB

Might have been worth waiting until June 11th to see the result of this potential takeover, which if it happens will likely be in the region of £23+. ATB

The tickets may be cheaper, but you know what they say..."You get what you pay for"!! And which of us will be watching Champions League footy next year? I was so banking on City to take points off you at the weekend. Two big games left will decide it, Us vs ManU on Sun, and You vs Chelski - Squeaky Bum Time!! At least we are all agreed on this share, here's to £6.20's worth of special divs over the next few years. ATB.

Depends on your tax rate. If you will be nowhere near paying higher rate tax this year then opt for C and take it as a div. That way you keep all of your CGT for that big gain that is just around the corner. Any CGT will only be based on the profit on that portion of your holding that is returned via the B option, not the whole value of the payment. My best advice FWIW is if you pay higher rate tax opt for B and include the profit in your annual CGT calcs. If a basic rate tax payer opt for C, take the cash as a div and leave all of your CGT allowance for other things. Love the name, i'm also a Gooner. ATB.

You will end up with cash whichever option you choose. Both the B and C shares will be sold, the difference between them is the tax treatment which I have already outlined. Choose B shares for a cash payment which will give rise to a Capital Gain, and C shares for a cash dividend which will be treated as income and taxed at your highest rate. The Directors are proposing to return the cash through an issue of B Shares and/or C Shares, there will not be a re-investment facility.

Firstly, the new tax year has only just started - April 6th - so you have another 11 months to work out what your CGT is for this year. If you choose the B share and take your cash as a Gain, then there will be no more tax to pay unless you make total gains this year above £10,900. However, if you are a higher rate taxpayer and choose the C share your 75p will be treated as a div, added to your total income for the year and "you will be liable to pay tax equal to 25% of the cash dividend received to the extent that the gross dividend, when treated as the top slice of that Shareholder’s income, falls above the threshold for higher rate income tax, except to the extent that it takes the Shareholder’s total income for the tax year to 5 April 2014 into the additional rate band. The effective 25% tax rate is the result of the gross dividend being taxed at the rate of 32.5% but with the benefit of the 10% tax credit."

You do not get to keep the B or C shares, they are just a vehicle to return the cash. Either way the B or C shares are sold to give you your 75p. The difference being that the sale of a B share gives rise to a Capital gain, and the sale of a C share gives a dividend payment which counts as income. Suggest you read the link I posted yesterday to clarify matters.

The 75p div is being offered as either a return of capital (B Share) or as dividend income (C Share). So it depends on your liability to either CGT or Higher Rate tax as to which one you choose. Read "PART 4—UNITED KINGDOM TAXATION IN RELATION TO THE RETURN OF CASH" on page 9 below: http://corporate.persimmonhomes.com/~/media/Files/P/Persimmon-Homes-V2/documents/Notice-of-General-Meeting-Circular.pdf

Sorry, called you 57!! ATB

The next div is due approx 10th May. I hold mine in their Santander Shareholder Account SSA and received a yield of 12.5% over the last 12 months. This was due to taking advantage of their Scrip Dividend scheme which avoids any tax being deducted.