Hurricane Energy Takeover Rumours (HUR)

Thank you Laser. I appreciate your response. Yes it is the dividend at takeover that I refer to. It seems unfair that the company is taken from us at a song and yet we have to pay tax on the paltry sum as if it were profit. I will read all the posts but thank you for your valuable posts over the last several years.

Good morning bocase over on lse thread there are a few posts Tax treatment of DCU payments Started: Corryvreckan1, 22 Mar i am no expert but do read all the threads on taxation aspect, is it the extra special dividend at takeover you refer and not from the dcu's The 4.15p in cash will be comprised of a transaction dividend of 3.32p per share and a cash consideration of 0.83p per share. The supplementary dividend is dependent on whether Hurricane Energy plc has sufficient cash resources, in particular it will need to have received the proceeds from the oil lifting from the Lancaster Field. The DCUs may deliver up to 6.48 pence per share in cash. Clients who hold class I DCUs will be entitled to elect to receive a loan note instead of cash in respect of the amount of the DCU cash amount.

Apologies if this has been discussed before but I have just received my Consolidated Tax Certificate from IG Markets and the initial payment we received in the respect of the HUR shares is indeed shown as 'dividend income' and therefore fully taxable so we are in a situation where most of us will have incurred a massive capital loss but are to be fully taxed as income on the paltry sum we received from the takeover. This amounts to being taxed on the loss. Anyone see any solution to this? Thank you.