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Https://www.lse.co.uk/news/BSIF/drax-to-acquire-bluefield-solar-income-fund-in-163561m-deal-8bhunvmhwfpoflv.html

This all smacks of another blunder in our increasingly complex tax system. Policy objective: "We want to encourage investment in UK Stocks and Shares". Action: "Restrict what people can save tax free in a Cash ISA". Unintended consequence: "People hold cash (or cash like instruments) in Stocks and Shares ISAs". Action: "Tax the return on cash in an investments ISA". Unintended consequence: "People invest less wisely, not holding cash when they should".

This kind of tinkering is why our tax code runs to hundreds of pages. I've always thought that allowing the holding of international stocks in an ISA is an anomaly. If we accept that capital gains are taxed, why do we allow investment in overseas companies to benefit from taxpayer cash subsidy? Surely ISAs should be limited to UK listed investments. This would have the benefit that more fund managers and even companies may choose to list in the UK to capture some of that pool of money. If you want to invest in US tech stocks, go ahead. But you'll have to do it in a trading account and pay tax on your gains. Oh, and don't even get me started on Stamp Duty!

Let's use tax incentives to encourage desirable outcomes. Pensions/SIPPS should be left alone... no more restrictions on those please! Keep it simple, not add a whole new set of pages defining what "cash" means in a stocks and shares ISA.

All the lines go up! Happy shareholder here.

FT Article: https://archive.is/EmDwO Should be accessible to all.

I would like to think that if the decision is made to "just move on" that the banks will have a quiet word with HMG to say "This time, but no more. We will abide by the regulations, but you need to sort out the FCA and make it act lawfully in future". I think I would just about be satisfied with kicking out the 2007-2014 claims and coughing up for the rest to clear the decks, but not if the regulator/HMG regard this as a success and will come back to tap the banks for more when things get tough.

I recently dipped my toe in the water with UKRE. One extra advantage, being in an ETF wrapper there is no stamp duty to pay. It's a 0.5% head start on a traditional REIT!

Interesting call SG... It looks like we're going to end up solidly green!

I'd be a little upset at 66p. My average is 78p, but I guess it would at least be an improvement on the current chunky loss I'm sitting on.

I almost wish they'd declared a small dividend to really stick two fingers up at the shorts! 😉

Too late by then. Once the results are out on Wednesday, the Viceroy opinion will either be proven or the SP will have reversed.

So, a short seller puts out a "research" paper and causes 20% fall in SP. Hmm... smells decidedly fishy!

If that proves to be true, questions to be asked about how that leaked out!

Actually, I hold mine in an ISA but I'm pretty sure that makes no difference. SEIT is an infrastructure investment trust, not a REIT (although the name happens to sound similar) so is not subject to a withholding tax on any Property Income Distributions (PIDs). I'm willing to be proved wrong, but that was my understanding when I made my investment. As I say, I got the full amount they declared, so unless they declare it net of tax I am happy that I am getting the full amount!

I got exactly the number of shares I own x 1.59p for the last divi in January, so no tax deducted here!

I giggled when I saw the subject! Maybe Scottish Windows use tinted glass?

Hi Aangus1, another option is to use UFPLS (Uncrystallised Funds Pension Lump Sums). Have a read on your provider's website. In essence, you never go into drawdown (by taking your 25% tax free sum) but instead take your pension in slices, each slice being 25% tax free. The remaining money can stay invested (hopefully making your future 25% tax free amounts more valuable). For my situation, this is very tax efficient and I plan to use it with II (who incidentally offer this with no charge on any UFPLS withdrawals). I'm about three years away myself... Good Luck!

Oops, Freudian slip! I used the word "reign" instead of "rein". Somewhat pertinent given the circumstances!

I expect some "quiet quitting" of US treasuries. I don't expect wholesale dumping of them, but as they mature I don't foresee them being rolled over "as a matter of course". That could prove a big problem over time for the US to fund their debt, increasing their bond yields. Personally I am quietly quitting the US quite a bit. Investments, purchases, holidays... The US is off my list for now as it appears they are unable to reign in their president who utterly refuses to follow the rule of law.

Given that the salary sacrifice changes don't kick in for a while, I'm going to go nuts! I'm reducing to 4 days per week from April and sacrificing enough into my pension to take me below the £50k and make myself a basic rate tax payer. So, I'll have more free time, my pension will get a healthy top up for a couple of years and I will benefit from higher allowance for interest and lower rates for divis and capital gains. Oh and I'll be paying over £14k less in Income Tax and National Insurance! Probably not the outcome Rachel was looking for, but even someone with a rudimentary grasp of economics could have foreseen this type of behaviour when you introduce more distortions to the system.

Look at RNS from Vistry this morning. I'm looking through it and can't see a single metric that is positive. If the same issues are across the market, then all housebuilders will be hit.

https://www.lse.co.uk/news/VTY/vistry-backs-outlook-sees-second-half-weighting-to-2026-performance-ulycl4fml7gp4ua.html