We would love to hear your thoughts about our site and services, please take our survey here.
In a normal market BP will open tomorrow about 8.5p less than the close price today. BUT if oil price was to shoot up over night or the markets rally in America or Hong Kong after the UK market closes today then the share price can open at higher share price, I have seen this happen before.
Investinvalue
Please be clear.
True you need to hold at the end of business (4.30pm) today to get the Dividends.
False, you do NOT need to hold tomorrow, you can sell at the open at 8.00am tomorrow and you would still get the Dividend
LochinvarLass
Tax is 7.5% on dividends over £2000 for a normal rate tax payer. Higher rate tax payers pay 32.5%
Capital gains tax is only 10% on gains over £12300 for a normal rate tax payer, and 20% for a higher rate tax payer.
I am not sure where you came up with £14k from ? You will confuse people by telling them that CGT is 20% above £14k, because it isn't.
Regarding Tax on dividends.
As a normal rate tax payer the Tax on Dividends is only 7.5% on Dividends over £2000. If you don't use up your normal £12500 Personal income allowance then the £2000 allowance is added to that. So if your only source of income was Dividends then you would have a tax free £14500 allowance and then pay tax at 7.5% on Dividends over that.
Profits from shares come under Capital Gains tax and you have a £12300 tax free allowance. This is a seperate allowance to the personal income allowance of £12500 for 2020 to 2021
Regarding Tax on dividends.
As a normal rate tax payer the Tax on Dividends is only 7.5% on Dividends over £2000. If you don't use up your normal £12500 Personal income allowance then the £2000 allowance is added to that. So if your only source of income was Dividends then you would have a tax free £14500 allowance and then pay tax at 7.5% on Dividends over that.
Profits from shares come under Capital Gains tax and you have a £12300 tax free allowance. This is a seperate allowance to the personal income allowance of £12500 for 2020 to 2021
JBaumber
Normally a share will drop by approx the dividend amount on the ex-dividend day at the open, in this case about 8.5p on Thursday 8th next week. So there would not be much advantage to buying on Wednesday. Either buy on Thursday and get more shares for the same money or buy now if the think the market will rise next week.
barnyards
What have those past posts got to do with the fact that you MISS read my post today and assumed I expected a dividend even though I made it clear that intended to sell before the ex-dividend date.
safehaven
It is very strange. I see the RNS that you talk about but on the BP website it still says 7th
https://www.bp.com/en/global/corporate/investors/information-for-shareholders/dividends.html
Ares6271
http://www.cgtcalculator.com/default.htm
read about all the rules. 30 day rule is one of them