PVCS Cash Return - Which Option?21 Oct 2013 14:41
A little confusing to me regarding special share dividend (cash return) as to which
option is better to go for. If one does not state a preference you will receive the “Income
Option” (Share C) which should be taxed as income. If you state a preference for the
“Capital Option (Share B), which should be taxed as capital.
I am not an accountant but on the face of it if it is income would that be subject income
tax dependant on what your annual income is? If the capital option is taken up is this
subject to your capital gains tax up to £11,100 per year?
If any member can either confirm my thoughts or put me right it would be appreciated.
I have held these shares since 10th April 2010 at 48p and subsequently topped up on
20th Dec 2010 at 4.75p, still not in profit but getting closer, I would expect a rise the
closer we get to the record date of 26th Nov 2013, and may top up again dependant
on how the share price is performing in the previous weeks.
Looks like I may be in line with other shareholders for a happy 2013 Christmas, good
luck all.
John