RE: Tax Man11 Feb 2020 12:07
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!