Member Info for gwm121

Shadow... seriously, the behaviour of amc board has changed my investment stance... id now probably not invest in an aim company over a ftsie.... and if did would need see dir has lifechanging amounts of shares themselves, as I said years ago im all for share options AT A PERFORMANCE RELATED PRICE. But it can still go wrong, aka vod neil woodfard etc. Now looking at lgen aviva rio tinto uk wind, at least if it goes tits up there are divis 7 to 10pc. Why is our ceo still drawing same salary as when he was finding more nickle on every drill. Sad Sad. Super sad. Soz unless the board invest life changing amounts in buying shares amc I cant trust again. By the way 25 year guilt 4.6pc 6 mth guilt 5pc no risk.

Shadow.. ? which share gapped down?

As said if fab news due why didn't dirs buy loads share with their own money. That alone would lift price. Surely best to rub along with 313k dollar salary expenses. ... Please don't tell me they in a closed period.

What a shame such a fabulous geologist ha created such mistrust in his investors.

Eccles.. why is yild 8pc not 7.5pc as on fundementals here. where is best place to find xd date and ammount. why should price increase....... vod is 10pc bdev is 7.2pc RIO TINTO is 10pc aviva 7.2pc its nice to have the cushion of high yield while wait the question is what shares most likely to appreciate.. or maybe whar shares will profit from... 1 global warming 2 ai

Hi Tricky

Nickle stocks still trending down and lowest ever. As well as amc I had a nickle etf so interested on your views as to if an when a spike may occur.

With amc we have an absolute top geologist as ceo quite gifted in his finds, however throughiout this ceo has never had a lifechanging ammount of amc shares bought with his own money, and stll hasnt, so how can we expect his interests to be aligned with ours. Shame as I met RY many times, but unless skin in the game......

The fact ive lost a lot on amc well my decision to buy averaging 12p. Im really not happy now though at the stress worry and cost of a possible fight with the revenue over tax being paid on the loss due his words dividend rather than capital return. Apart from the l advise here..but above my head, an tax accounting company tells me it all depends which bank account the monies were paid from. I don't relish putting in a self assessment saying its capital return then waiting waiting to see what happens.

I cant see much point to holding amc shares now long term, every action of the board seems geared to holding on to salary expenses.

Shame board don't by tons shares with their own money, and drop salary lots till they are working properly again.

Age, is ry salary still £200,000 plus? If so why is urgency required?

Ii force sold poly from their gaudi pension.

Message today ii will charge an extra £360 yr on top of present charges from jan 2024 for pension.

What are others doing now poly not in their ii pension, its hard enough to make money let alone cover these sort of charges.

If u with ii, are u planning to stay with isa dealing account, and move pension, how much are charges

Good aft.

When you receive certificates for the poly in isa, and therefore the share is no longer in isa, can I take the price I paid in the isa for the buy price. There is no indication of price on the cerificates or paperwork received from ii.

If the intention is to hold for dividends is there any point in registering these with Tabys,

thx

So from what you present, the special dividend is all capital return.

so with tax ... amc 104 holding

I have a list of shares and values for amc, reduce total purchase price by the amount returned reduce purchase price by £xxx and tll the revenue nothing until the share is sold and at that point/year the lossess carried forwrd adjusted.

and have a letter showing what you have said above to answer a possible investigation by hmrc

It would be no problem to sell amc to simplify the situation

Thank you Age gwm122amc@hotmail.com

Age. Soz. reading below carefully you have answered if its capital return or dividend...... it needs further research.... Strange amc didt make it entirely clear. Ive been with amc sice before they got the liscene, and was a fan of RY seeing him as a top geologist.

from age below

The crucial fact from AMC’s perspective is that from an English law perspective apart from when it sold its shares in Carlco it has never made a profit be it a trading profit or a capital profit from selling a capital asset so it does not have any profits to pay to be able to pay the special dividend out of.

AMC has both share capital and a share premium account and I am doing further research to find out the order of precedence in which a dividend is funded from as payment of a dividend out of a share premium account is income in the hands of shareholders.

Thank you age.

I now underst dividend or dividend special div or capital return can be paid by amc at any time even though they have never made aprofit.

Can amc payment be considered as capital return. ???????????????????????????????????????/

do YOU want this as capital return?

..............................

My average is 12p. I have a taxloss carried forward.

my email opened just for this is gwmamc@hotmail.com.

I agree, if it gets messy with revenue and there are thousands of investors having enquiries raised it would make sense to use a common answer. I am tempted to ring hmrc and ask for their help now,

Hi Age and thankyou for your reply

It would be superuseful to submit the same wording dont you think? So appreciate your offer to share yours.

i would like this to be capital return, not dividend.

I know little about this subject, did amc give .. a dividend, or a special dividend, the nomad said it was a dividend.

In either of these cases if amc have called it such, how can one argue against this.

Can a dividend be paid, or a special dividend, if the company doesnt make a profit.

If the assetts are sold, is this interpreted as a profit even though share price reduces that amount

My email is .... gwm121amc@hotmail.com

Thank you ag

I have a loss on amc, average price 12p when sold likely including special dividend/capital return 3p ish.

The special dividend/capitalreturn was paid tome from an aim company.. amc. on the uk stockmarket.

what do expericed posters advise we attatch to the hmrc tax return exactly.

If need to substantiate capital return with hmrc should we have a common advisor

it would seem wrong to lose money on amcon paper, and when capital is returned from sale to pay tax on the LOSS.

Phoned +44 (0) 20 3470 0470 amc nomad spoke will Thess who said waspassing question to their brokers Adam and Richard 27/6/23

amc dont make a profit

They sold their assetts to obliach

Themonies were returned to shareholders

This is capital return.

If you are lth with a loss, this wont attract tax, aand the final loss including capital return can be sset against gains for the future.

IF hmrc argue its a dividend from profits ! you will pay 33 percent dividend tax on your LOSS !!!!!!!!! and have to argue with hmrc quoting cases like Buckingham as the expertson here have advised us.

I await reply from nomads .

Is one of the posters experinced in this able to give the board the notation to be attatched to tax form.

How would each individual know how the others were faring with hmrc

Justhope nomad or amc clarify its capital return

So far amc have not confirmed dividend is capital return

If when you sell amc your average is a tax loss and this iscapital return you will pay no tax

If when you sell amc your average is a tx loss, and becuase amc have called this a dividend, you will pay 33 percent (effectiely on your loss)

surely this Is capitalreturn as th assett sold and monies returned to shareholders, amc arenot making any profits to pay a div from.

Hs anyone a te no which works for amc nomad

This is the advice a knowledgable poster gave a while back.

I am keen to hear what advice the Board have received from a tax Barrister as to whether the special dividend is income in the hands of shareholders or whether it is a return of capital.

In the Buckingham v HMRC First Tier Tribunal tax case the judges found that the majority special dividend was a return of capital and a minor part was income on the hands of Mr Buckingham.

The distinguishing features of the Buckingham case was that the Company that paid the special dividend had sufficient distributable reserves to be able to the minor part of the dividend but not all if it.

In AMC’s case it does not have any distributable reserves to pay the dividend out of.

It is important that should AMC shareholders decide the special dividend is a return of capital that they include this information in the white box of their tax return for 2023/2024.

By doing this you have brought it to HMRC’s attention and so they will then open an enquiry into your tax return.

You can see in the Buckingham tax case that one tax specialist was of the opinion that the majority of the dividend was a return of capital and the minor part was income in the hands of shareholders but this was reviewed by another tax specialist that all of the dividend was income n the hands of shareholders

The judges found in favour of the tax payer as the majority was a return of capital and a minor part was income in the hands of shareholders.

Theo please expand, exactly what notation should be put on the uk tax form please

If this is a dividend you now owe a third of it to hmrc .. even if you have a loss

if it is capital return its not a taxed dividend

Surely it is return of capital, the assetts were sold and monies returned

What is the best wording to use on the tax return, do we need to refervto "buckingham case"

Should we all argue this individually

amc still havent said its capital return

Is it worth trying to make a register of contact details for all board members intending to declare this as a captal return. .. how.

Will you put a note something like this to start the argument with hmrc, .. amc sold their russian pre mine field to an obliak, and put the proceeds back in the company as a capital return but called it a dividend. Please see your buckingham versus hmrc case to confirm this is capital returned. ... ?????????????????????????????????????????????????

Nav 21

very sensable..... of course it should be capital return using common sense, however amc have called it a dividend so on a dealing account you will owe them tax should they interpret dividend as dividend, and if you are a long therm holder that means paying 33 percent tax on a LOSS.

The problem with the advice previously (from the two experinced knowledgable posters) tick the cap box on tax form, refer to xxx casesin law, is that is way above my pay grade. I guess it will cost lots for an accountant or higher to argue your case.

Its possible this board will dissapear soon, and you are then completely on your own.

Investigations by hmrc are a real pain, you cant generally speak to an inspector, you are speaking to their more junior staff, they haven a clue on this sort of stuff and corrspondance gets heavier and heavier, loooong delays, you can put your life on hold for 3 months!

Very very sad amc didnt look at the consequences for shareholders of the typoe of words they used.

The

Onbeyond

You say cert confirmed by ii ok in isa

Please can you explain..soz

ii told me on the telephone poly cannot be held in their isa

ii told me poly cannot be held in dealing account

ii told me poly cannot be held in sipp

They said.. you can..

request certificate

Sell.

Ideally I would like to keep poly in the isa (as moving it to a certificate and out of isa is mony that cant be put back)