Special Dividend29 Jan 2021 12:02
Let me first say that I wish to keep my Tesco shares. But here is my dilemma, I purchased 25000 at £4.02 some 9 years ago. I feel I am being forced to take a share reduction of 5265 shares in return I will receive a sd of £12732.50 2.42 in my eyes this equates to return of £2.42 per share a loss of £1.60 per share. The dividend allowance of £2000 is already used by the normal dividend therefore I am liable for tax @ 7.5% on £12732.50 of £954.94.
To sum up –??less shares
?? Shares disposed at loss
??To be totally disadvantaged – but have to pay tax for the privilege !!!
?? This can’t be right, somebody tell me I have got this wrong.