Lancashire Share Discussion Threads

[middletp1] 08/11/2016 06:06

Not sure, but with the change in Tax on dividends, it looks like there will be no difference in tax treatment of foreign company payments Vs UK- in which case there would be little point in brokers separating them out. No notional tax take, same allowance and rates.



For 2016/17 and subsequent years the taxation of dividends. For dividends paid by foreign companies the main changes are:

There will no longer be any grossing-up of the dividend for the notional UK tax credit. Accordingly there will be no reduction to the tax payable for any UK notional tax credit, either.

A new tax-free Dividend allowance is being introduced whereby the first £5,000 of dividend income, whether paid by UK companies, or overseas companies will be tax-free, regardless of the level of dividend income.

On dividend income in excess of £5,000, income tax will be charged at the following rates:

7.5% on dividend income within the basic rate band
32.5% on dividend income within the higher rate band
38.1% on dividend income within the additional rate band

[garycook] 08/11/2016 00:04

HL,Are telling me that LRE are domiciled in the UK for Tax purposes even though being registered in Bermuda,and the registrars being in Jersey, so the dividend is treated as a UK Tax dividend.And to consult HMRC or a Tax specialist for clarification.I am still awaiting a reply from LRE Investor relations.

[speedsgh] 07/11/2016 12:46

Lancashire Holdings Q3 2016 Results - Earnings Call Transcript -

Not the best quality transposition of the earnings call but worth a read if you have the time.

[garycook] 07/11/2016 11:14

CWA1,Worth checking out from LRE ? I have just send an email to LRE for comfirmation.I have also sent an email to HL to check also.

[cwa1] 07/11/2016 11:07

speedsgh, absolutely, you are correct. HOWEVER, I was hoping to invest more or less now rather than the normal few days before you get a reply from a written company enquiry, so thought it would be worth a try on here first! Of course I could phone but have generally never had much luck in the past getting to somebody that could answer the questions with any authority.

[speedsgh] 07/11/2016 10:56

CWA1 - Possibly best to get confirmation from the horse's mouth rather than rely on 'unreliable' brokers?



How do I contact Lancashire’s investor relations department?

Please direct inquiries to:

Jonny Creagh-Coen

Head of Investor Relations
Lancashire Holdings Limited
29th Floor,
20 Fenchurch Street,
London, EC3M 3BY
United Kingdom

Telephone: [phone]
Fax: [phone]
[e-mail]

[cwa1] 07/11/2016 10:43

Just for the record I tried iWeb's online chat service and they have said that it is definitely an overseas dividend!

[cwa1] 07/11/2016 10:28

Much obliged GC, that seems pretty definitive then! Thanks.

[garycook] 07/11/2016 10:20

CWA1,It is declared on my Consolidated Tax Certicate,from HL,in the schedules of UK Dividend income.

[cwa1] 07/11/2016 09:54

GC, as a matter of interest, whereabouts on HL does it say they are classed as UK dividend income please? Cheers

[cwa1] 07/11/2016 09:43

Gary, thanks. I want to AVOID buying Overseas divis in my dealing accounts but I'd like to be certain that is the case for LRE though. I appreciate your input.

[garycook] 07/11/2016 09:33

CWA1,I believe LRE Dividends are not classed as Overseas,or Foreign dividends anymore.On my HL Taxable dividends they are classed as UK dividend income.If you want to buy Foreign income shares I hold GLIF,GVC,HSD,HGM,PHNX,and RUSP,which are all Foreign dividend income shares.

[cwa1] 07/11/2016 09:11

Morning. Been a while since I held any outside of an ISA....can anyone tell me if my memory that LRE dividends are treated as "foreign" dividends for tax return purposes is correct? I seem to recall that it was but want to check my thoughts please if anyone can help.

Thanks

[garycook] 07/11/2016 08:48

Can anyone tell me why the Mark down this morning, with the market up ?

[phoenixw2] 03/11/2016 11:36

Quite, stock +7.6% intra-day lol, his customers might just nail his balls to the front door.

[BKG +3.8% intra-day, I'm relishing feeling his pain from here...]

[phoenixw2] 03/11/2016 08:47

Thanks Stpalm I'd forgotten that site was non-$ub.
Well who'd have guessed, Odey has a reported short of -4.69% lol, let's hope he's cacking himself this morning. In news overnight he was suggesting the FTSE is going to tank 80% [YoY?]. The writer then pointed out his fund hasn't reported a profit since inception in 2014. Desperation time for an ultra-bear...

[garycook] 03/11/2016 08:47

5.28% Shorts getting there fingers burnt today.What a shame.

[garycook] 03/11/2016 08:43

Very nice.I did assume 80 cents or 60p,back on Sep 2.When the GBP/USD was 1.33.So 75 cents or around 60.75p at today,s GBP/USD rate of 1.2345.That gives a yield of around 9.3% on current 2016 dividends on the share price of 774.

[stpalm] 03/11/2016 08:33

Hi phoenix try this

[chester] 03/11/2016 08:15

Nice opening and a significant break of the long term trendline.

[phoenixw2] 03/11/2016 07:21

Here are the dates re the next div:

'Dividends
Lancashire announces that its Board of Directors has declared a special dividend for 2016 of $0.75 per common share (approximately (£0.61) per common share at the current exchange rate), which will result in an aggregate payment of approximately $150.0 million. The dividend will be paid in Pounds Sterling on 14 December 2016 (the "Dividend Payment Date") to shareholders of record on 18 November 2016 (the "Record Date") using the £ / $ spot market exchange rate at 12 Noon London time on the Record Date.

[phoenixw2] 03/11/2016 07:11

The headlines from the results at 7am this morning...

'GROWTH IN FULLY CONVERTED BOOK VALUE PER SHARE, ADJUSTED FOR DIVIDENDS, OF 3.1% IN Q3 2016 AND 10.5% YEAR TO DATE
COMBINED RATIO OF 73.8% IN Q3 2016, 75.6% YEAR TO DATE
SPECIAL DIVIDEND OF $0.75 PER COMMON SHARE
FULLY CONVERTED BOOK VALUE PER SHARE OF $6.55 AS AT 30 SEPTEMBER 2016 '