Member Info for Ian_

Cheapie,

Your post-

"I'm with Halifax share dealing. Would they take the tax off when the dividend is actually paid? (I'm not sure they'd know what income tax band I'm in!)"

Pray what have I misunderstood in your post?

Ceapie,

You have not stated if held in an ISA, if so NOTHING to pay!

If you hold outside of an ISA, and YOU receive 'DIVIDEND INCOME' it is UP TO 'YOU' to DECLARE IT!

IT is classed as INCOME and if you wish to try and defraud HMRC, when they will know exactly how much Dividend income
YOU have received BECAUSE Halifax has a legal obligation to inform HMRC of everyone's share dealing activities!

Up to you,

Do you feel lucky! :-)

Not a game I would try to win as the penalties are quite high!

A rethink on your part I feel...

Morning WKworld,

"Can anyone advise about capital losses on shares that have been sold please. I know that you can use these losses to offset any future gains over the threshold but can they only be used against the profit from shares that have been sold or can they be used against dividend income?. Thank you."

CGT losses going back up to 4 years can be used to offset any gains, provided you have informed HMRC by way of self-assessment of these past losses?

CGT losses can not be used to offset INCOME, which is what dividend income is classed as!

hope that helps.

Hi, Avo,

I have just stated, you get an allowance of I think this year £2000, and then anything over that would have to added to your yearly income, and that may take you over your current tax bracket and into a greater tax bracket, and then that would be up to you to declare to HMRC, before they come looking for you!

Tax band name Thresholds for 2021/22
Basic rate income tax – 20% tax on the proportion of income which falls into this tax bracket. £12,571 – £50,270
Higher rate income tax – the part of your income in this tax band is taxed at 40% £50,271 – £150,000

Good luck.

Morning AVO,

If held in an ISA, nothing to pay at all!

If held outside an ISA, you don't pay CGT on dividends! as they are classed as INCOME and along with your current employment wages, etc, you will have to pay income tax and that goes up on how much you earn per year!

And there lies the problem with dividends, currently, in the UK you only get a £2000? annual allowance before it becomes income and the further tax implications ...

Morning AgentB,

Taking Halifax as an example, under account management there is the dividend option?


MR X, Share Dealing Account -
Automatic Dividend Reinvestment, Hold In Account, Pay Away Immediately, Pay Away 6-Monthly,

MR X, Stocks and Shares ISA -
Automatic Dividend Reinvestment, Hold In Account, Pay Away Immediately, Pay Away 6-Monthly,

Just a tick in a box option.

All the best.

Paulwatkinsadams, morning,

I'm not sure if you are being obtuse or not?

The wording of the RNS was for 'IF' everything goes to plan to pay out 'IF' the shareholders vote in favour 'IF' the company decides to go down that route!

A 'Significant Dividend' at this time, when nothing has been published by the company is up for speculation on what that could mean, it still could mean a lump cash sum, a play on words, no one knows as yet!

Suggest you look at a company like BT and see what their share price does when it approaches the dividend cutoff date, to what the share price is after that cutoff date, you will see that prior to the cutoff date the share price reflects 'plus' the divided and that after the cutoff date the share price reflects 'minus' the dividend!

You will have the choice to decide nearer the time which way suits your personal tax circumstances, all just hypothetical at the moment.

Good luck to you.

Hi, Novice20,

Haha, I have already done that, but in reverse, transfers between spouses are exempt, and as Becky still works and is well paid for what she does in the city, it made sense for me to take the CGT hit, as I'm retired and on the lower-income and have a lovely great loss to offset any gains (due to Sound Energy) ..... I was not planning on receiving dividends! :-) Oh well!

All the best.

Evening, Oldspursfan,

"Ian_
If I can catch you before you go, you’ll have seen discussion re dividend tax vs cut.

If I recall did you say you have a chunk of your shares outside a tax exempt wrapper? If so what are your thoughts? Sure they would be appreciated..."

You are correct I currently have about 1.9m outside of an ISA wrapper, and not much I can do about that!

It is what it is, I would have to weigh up what to do nearer the time, to be honest.

Why? do you have a good tax dodge :-)

Just to point out it is not a 'special dividend' but "pay a significant dividend to all shareholders"

Significant meaning -

Very large or noticeable,

Sufficiently great or important to be worthy of attention,

Important, large, or great,

Sounds good to me :-)

Evening everyone,

No Friday after-hours RNS today!

Today's hopefuls for a Friday RNS were:-
----------
Myquest - 14/05/21 - Congratulations on your 61st Wedding Anniversary!
Spotify - 14/05/21
----------
Bad luck everyone, still, another day nearer.

To all Shipmates have a lovely evening and weekend, and catch you all at 7 am on Monday, cheers.

Morning Kira,

I was putting up a hypothetical guess and stated IF the company did not wish to remain a going concern, as in winding up the company.

You said you would like to be able to sell after the cut-off date to receive the divi and then buy the stock ex-divi and so cheaper.

I just posted up just a thought that if they were to give away only 50% as a first divi, then when the company is finally wound just some months later a full and final divi just prior to the companies demise!

Only a thought to keep shareholders onboard till the end that's all?

Just a point,

The BOD is not stupid, so just as an example.

If the company did not wish to remain as a going concern what is there to stop them from ONLY issuing 50% of what they recieve for the assets as a first dividend, and then to make holders hold onto their stock to receive the remaining 50% as a final dividend?

Just a thought!

Good morning Saxonaxe, and everyone,

The weekend weather is not looking good unless you're a plant!

The EUA share price went up 12.00% yesterday, can we continue the trend into the weekend?

I hope so, be nice to get back into the 30ps range!

Today's hopefuls for a Friday RNS are:-
----------
Myquest - 14/05/21 - Congratulations on your 61st Wedding Anniversary!
Spotify - 14/05/21
----------
Good luck everyone

The end game is well underway, don't let the naysayers get under your skin and sway your confidence in this great stock!

Yesterday was virtually free from the usual suspects, like Billious and friends....

Good luck everyone, enjoy the day, I will be otherwise engaged today until this evening as we are entertaining the inlaws for a spot of lunch, and I have some cleaning and cooking to do :-)

Cheers.

Good evening all,

Can't grumble at a 12.00% rise, take that any day!

Today's hopefuls were:-

----------
BristolCupid - 13/05/21 - 07:00 am
MeridianMan - 13/05/21
DaveH1963 - 13/05/21
----------

Bad luck, no major RNS today!

Maybe tomorrow evening after hours :-)

Do have a good evening everyone, not long to go now.

Catch you all tomorrow, cheers.

Hi, Mike,

"would the options we have with Rosgeo count as assets?"

Yes, of course, we (EUA) paid upfront $500,000 for a two-year exclusivity period!

Legal licenses are indeed assets.

Good luck.

Steve, I like that you remembered the 'Veuve Monsigny Champagne Brut' from ALDI that I recommended ages ago, will be consuming a bottle tomorrow as the elderly in-laws are coming round for some nosh, and I can appear posh :-) for £12 a bottle!

Good luck mate.

I posted this up earlier and will just add a bit:-

"I see there is still some ambiguity about this paragraph that the company put out yesterday :-

"The Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially ALL of the Company's assets"

What are 'SUBSTANTIONALY ALL THE COMPANY'S ASSETS'? for those that don't know, or refuse to believe, let me try and explain!

Is there any case law relating to definitions of or discussions on ‘substantially all’ in relation to a company’s assets?

"Most English law practitioners take the view that this phrase means everything other than immaterial or de minimis assets which are so residual as to be irrelevant to the conduct of the company's business or undertaking, and the “substantially all” language is intended to ensure that the operative provisions apply even if for some reason a disposal fails to catch every single asset of a company or disposing entity."

Please review the above and digest it!

The above means that the company is virtually SOLD!

It will have to be voted on by us SHAREHOLDERS, and if they are stupid and don't vote it through, it will not happen!

That is the only 'fly in the ointment' that the company can't control, is how investors vote!

They have just done an experiment, and most voted, IN FAVOUR, with the chairman!

You can continue to think the company may continue in some form, BUT, that is clearly, NOT their intention!"

What I'm saying is the acreage of various mines and joint ventures 'ARE WANTED' by the prospective purchaser!

What the prospective purchaser may not want are the UK offices and furnishings, some earth moving equipment, as they may have their own?

So, if we all vote it through and the company sell's its assets , the cash raised from the asset's sale goes into the company coffers, as the company still exists at that point with its offices up for sale with the local estate agent and not fully wound up!

What would you call a payment upfront to SHAREHOLDERS from the company that still exists in NAME with offices that are still up for sale?

You can ONLY call it a 'SIGNIFICANT DIVIDEND' I would have thought!

To be followed by a final payment sometime later on when the company is finally wound up!

Only my way of thinking!

Good luck everyone.

"Does this mean that the buyer doesn't want Dimitry's comfy old chair?"

Haha, and Keith's old fax machine! :-)

Morning all,
The rain held off and another lovely breakfast was consumed with copious coffee!

I see there is still some ambiguity about this paragraph that the company put out yesterday :-

"The Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially ALL of the Company's assets"

What are 'SUBSTANTIONALY ALL THE COMPANY'S ASSETS'? for those that don't know, or refuse to believe, let me try and explain!

Is there any case law relating to definitions of or discussions on ‘substantially all’ in relation to a company’s assets?

"Most English law practitioners take the view that this phrase means everything other than immaterial or de minimis assets which are so residual as to be irrelevant to the conduct of the company's business or undertaking, and the “substantially all” language is intended to ensure that the operative provisions apply even if for some reason a disposal fails to catch every single asset of a company or disposing entity."

Please review the above and digest it!

The above means that the company is virtually SOLD!

It will have to be voted on by us SHAREHOLDERS, and if they are stupid and don't vote it through, it will not happen!

That is the only 'fly in the ointment' that the company can't control, is how investors vote!

They have just done an experiment, and most voted, IN FAVOR, with the chairman!

You can continue to think the company may continue in some form, BUT, that is clearly, NOT their intention!

Enjoy the rest of the day, we longer-term holders are fully relaxed with our feet up awaiting the next major RNS!

Not much longer to go, in my view :-)

Good luck everyone...