Member Info for gwm121

I thought amc were taking advice if moey received after sale was capital return or dividend

there are no profits to pay div

sale resulted in capital return

amc are referring to this as a dividend

If your average is say 12p and share price say 3p you have a loss, however if monies to make up the 3p returned as div you will have to pay tax (on your loss !!!)

Thankyou for the two knowledgable posters who advised tick cap return on tax form, and expect an enquiry, then substantiate with refferences to a buckingham case....... this is way beyond me.

I can see many shareholders individually arguing with revenue at huge cost, is there any way to make this black and white, clear cut capital return. Why the f hasnt amc confirmed this.

... Again, lets say you have lost £10,000 on amc, then money is returned say £1000. You could be paing 33 percent tax on money returned despite losing 9K (no profit made on share)

If amc board stops which is possible we will all be dealing with this individually.

Is there any way of pooling knowledge and results apart from this board.

Assuming your lth who bought around £13 and holding in dealing account uk.

If in the future poly russiais is sold and capital returned to poly kaz, one would assume is a return of your capital. No tax to pay if you bought at £13 share price £2 increases a bit.

However if they CALL the return of capital a dividend hmrc will want around 33 percent of this (depending on your tax circumstnces)

I hope if this return of capital happens poly make it clearitsnot a divi from profits.

Thank you just another,again your clearreply appreciated, and of courseits 2your view2 not advice !

Ive read your link.....

...Assuming I want tokeep the shares and be able to receive dividends and to one day sell or transfer back tolse if polly ever does that...

1.Your link says action being taken to transfer directly from provider to aix via tabys howver this may be too late...

so, am I right this is the way

1. get a reg no from ii or poly

2. Load and register tabys app nothing in it at this stage

3.Request paper certificate from ii

4. When I want to, put detils of paper cert into tabys .. no time limit

have you done this? Is above correct please?

I cant find anything on how costs arepaid to transfer ito tabys or sell throgh tabys

Thankyou just another. your clear reply appreciated. ii

"ii" have told me polymetlal cannot be held in isa They would send a share certificate which would take them out of the isa. The pension ( sip ) is same, poly would come out of it. I assume you mean look for another provider?

Am I right in thinking you can

1. register with tabys app at no cost

2. request paper certificates, and later add those to tabys if required // or wait till poly relists lse

how is comission paid,

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

ii offer to EITHER sell or give paper cerificate only.

Id be really grateful for views of an experinced poster, particularly on this tabys app of which I know nothing!

What exactly is benefit of regitering with tabys app (if intention is to receive dividends, with the option to sell if required)

Instead of asking for share certificates

Is there a downside to having share certificate

With share certificate are dividends received

is a good idea to register with tabys but get papaer certificates, can a uk citizen register with tabys, when is deadline

Thankyou, your help very much appreciated,

I am resident in uk, and with ii, dealing isa and sipp account.

ii offer to EITHER sell or give paper cerificate.

Id be really grateful for views of an experinced poster, particularly on this tabys app of which I know nothing!

Thank you.

What exactly is benefit of regitering with tabys app (if intention is to receive dividends, with the option to sell if required)

Instead of asking for share certificates

Is there a downside to having share certificate

With share certificate are dividends received

is a good idea to register with tabys but get papaer certificates, can a uk citizen register with tabys, when is deadline

Thankyou, your help very much appreciated,

What exactly is benefit of regitering with tabys app

Instead of asking for share certificates

Is there a downside to having share certificate

With share certificate are dividends received

is a good idea to register with tabys but get papaer certificates, can a uk citizen register with tabys, when is deadline

I am with ii dealing and isa and sipp. They say they dont deal with aix and only options are share cert or sell. They willonly hold in dealing account.

Thankyou, help very much appreciated,

If I accept certificates from ii (dealing and isa account) will dividends be sent to me, is there witholding tax

If need to sell how is this possible, what is likely cost.

Should I register for this app Will it get easier to sell poly in the future

Welsh froggy

Am I the only confused person over this dividends status? If, as has been stated become a 'cash shell' entity is this unusual divident actually a return of capital?

it should be capital return

However amc have called it a dididend

amc should have clearly stateditscapital return, to date they havent.

If it was interpreted as dividend by mmrc you will pay around 30 percent tax .. on your loss .. (assuming long term holder, average say 12p dealing account)

There are a couple of very knowledgable posters if you look at previous posts quoting law cases in the past similar to this which uphold it as capital return, I have no idea how to keep contact between these people if this board should stop.

You may well get an enquiry from hmrc unless this is clarified by amc, that will be expensive to reposnd to.

The knowledgable posters have said they will keep others in the loop as to the aruments submitted to hmrc to prove tis is capital return

AGNES

Thankyou for sharing your expertise Agness re dividend being capital return. For th average Jo we need help in exactly what to send in with tax return, or have as backup for the investgation if raised by hnrc.

... Anything anyone can do on this board that would help you in any way/?

Can we rely on this ii chat board continuing?

Agnes

thank you for your reply. Again, sensible and worked,but not helpd by amc.

Have you thought of somehow pulling together the info supporting capital return from the 4 or 5knowledgable posters?

For others...

If you are along term holder with an average of 10 1214whatever, the current share price will give you a loss when you sell.

If this is a "dividend" you will pay 33 percent or more in a dealing account for tax ... on your loss !!

if this is capitalreturn it will be part of the loss so no tax

amc dont make any profit, so common sense says it is capital returned.

to argue this with hmrc could end up very expensive indeed.

Age

That is a very very sensible way to go, when hmrc raise minor invertigation it may cost u a lot for proffessionall help.

Would you consider posing here everyting you are submitting or using as backup ? or keeping in touch with me?

wtf hasnt amc clarified...

M long

where do u get 5 percent from, i thoughtit was 9.1 percent div thanks

how does one assess risk of div cut in the future

Commonsese would sat if a company has no income and a dividend is given from the cpmpanies reserves it has to be return of capital.

Thanks to poster who replied to me quoting law cases.

Since amur still havent catergorically said this is return of capital, and keep calling it a dididend saying they are researcng the subject i am at high risk if enter it on tax form as capital return of an hmrc enquiry. To fight this needs proffessionals, they are very expensive.

My situation, 12p average, share price now 2.2p effectively, soill be paid a divi out of my loss and also pay 33 percent tax on the returned money !!!!! Ive not paid tax on a loss before ! Im grateful for answers before when I raised this, however the answers were...although well reasoned... opinions and guesses. It needs amc to clearly state its capital return.

Stan55

ii will not allow poli new in isa they claimon phone u can.. 1 request certificate 2 sell

Please say how I find polli discussion on telegram thankyou

...plenty of other opportunities........

please say which!

.., only thing which would make me move is finding a larger

co with divi.with a possibility of upside better than here.

Agnes

yes i have concern if dividend is capital return.

from tax point view.. as a lth, average 12p so a huge loss so far, if its a true dividend I will pat TAX on a LOSS !!!!!!!

But how can it be a divi... its capital being returned!!!

However for sure its going to be expensive to get accountamts or legal guys to help.

amc should have made it quite clear long ago this is capital return.

May I have an over view of how tabys would work with uk citizen (poli)) in ii dealing or isa account. II will provide a cerificate, or sell. THANNKYOU !!

John nth

"difficult toacom in an isa"

ii have said within isa you can either...

request share cert.. and it will then be held outside an isa.. I guess capital loss cant be claimed

sell withi isa themoney remains in isa i guess capital loss cant be claimed

of course on a loss from £13/14 to £2 for lth

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

Rns mon 22 may ..major contract win

up 7% so far

Geng

it is a rewturn of capital, they are returning capital from sale of assetts. however if amc callit a dividend its not black and white. if you go get investgation it will be expensive to prove.