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What the OP is saying is that if their is a dividend or special dividend, for tax reasons it is treated like income, so you pay income tax on that.
Any shares you have within a Shares ISA are capital gains AND income tax free. Completely tax free. Won't even pay window tax.
Any extra shares you have that are not in your ISA, you pay either capital gains tax or selling them at a profit (subject to CGT allowance level), or you pay income tax on an dividend received.
For me, I already have my ISA maxed out with EUA shares (thankfully), but also have EUA shares in my standard 'tax paying' account. If EUA got sold completely then, your shares will basically get sold for you at the amazingly high price announced and for tax reasons, that will be counted towards your capital gains tax bill. If only MT is sold, and a special dividend was to be announced, hopefully they announce an ex-dividend date for say a few days in the future, and the share price will rise to reflect that (maybe 1 pence less etc).
So, for me, I would rather sell my shares at 1 pence less and only pay CGT, rather than it all go through as income tax!
ps. I will sell the shares I just bought on the dip once the sp recovers. I will not sell my main shareholding of course at these severely undervalued levels. Just a quick buck, from my 'not all eggs in one basket' funds :)
Remember the words of the wise man: All you need is patience
Forgot to add:
There is (highly educated in these matters) speculation that the palladium vaults are reaching eternal emptiness, or that it may have happened already. There are on 'paper' more palladium bars in London than there actually is. How many exactly are phantom bars, I think we will find out shortly when something major happens!
Palladium has been in supply deficit for years. Which means the 'world' uses more than it currently produces. You might ask how can they use than what is available?
The answer is that they have had stockpiles of this metal, which has been gradually and gradually depleted over time. There are some speculation, that these vaults are running on empty (or extremely close).
Banks and institutions etc, are having to borrow Palladium at a rate of about 3% per month at the moment. They pay the 'interest' back in actual palladium metal itself, not in cash.
So, some bank/institution etc desperately needs some palladium, say 1000 oz's. It can borrow that for a month, but then has to repay back 1030 oz in a months time! Where does that extra palladium come from? It couldn't get enough palladium to begin with, so how is it going to repay it's debt?
The answer is higher spot prices of palladium.
The same will happen with platinum soon too. (and we have platinum in our mines too lol ) So won't be much incentive for all the catalytic convertor manufacture's to change over all their tooling etc.
Gold and silver too will eventually start skyrocketing in value ( we have gold too lol ). Silver will probably go up in value percentage-wise to current price, than gold will. But they will both go up a lot.
This is why EUA is severely undervalued!
Oh I forgot to add (busy cooking), that we are about to get awarded an extended license for MT to bring the amount of palladium from 2 million oz to 15 million oz.
Once that happens, you can effectively X7 that 88.8p value
Research the company and you will know it is massively undervalued at current share price.
Basic back of fag packet (on laptop in kitchen while cooking lunch) calculations are:
THIS IS JUST FOR ONE METAL OUT OF THE WHOLE BASKET, AND AT ONLY ONE MINE (MT)
2 million oz of palladium. palladium spot price is currently about $2300/oz, and about to start rising even more. cost of producing 1 oz of palladium costs us (EUA) $300/350 an oz.
2 million X (2300-350) = $3.9 billion
EUA own 80% of MT so that become $3.9 X 80% = $3.12 billion
$3.12 billion = £2.4 billion GREAT BRITISH POUNDS
Approx 2.7 billion shares in circulation of EUA
So each share should be worth £2.4 billion / 2.7 billion = £0.888 = 88.8p
RE-READ THE TOP PART IN CAPITALS AGAIN!
I haven't traded like that in my ISA, I just used those companies as an example to highlight my point.
FYI: I opened an ISA in Nov, put 20k in and bought EUA. That is now worth over triple! Currently 45k 'profit' tax free I if sold right now. I won't sell them at this low low price of course, and will await the asset sale/takeover/or rerate up to 50p +
Tax free lovely jubblies