Plus500 Share Discussion Threads

[11_percent] 26/7/2019 15:30

IGG now down as well.....

[sbb1x] 26/7/2019 14:02

Big drop what's the reason

[andrewclarke99] 26/7/2019 10:47

Quite a significant drop this morning. Anybody seen any news. Both IGG and CMCX are up

[asusasus] 26/7/2019 10:25

ODEY doing the damage again here. Ffs. I hate the stock market!

[andrewclarke99] 25/7/2019 08:44

Yes I agree CMCX looking positive compared with their results from last year. They say they are now over the worst of the new ESMA rules and regulations

[josh 32] 25/7/2019 08:02

Nice update by cmcx

[asusasus] 24/7/2019 15:33

Josh I don't think so at all! That's why I have a very large holding here. Just a matter of time before this pops!

[josh 32] 24/7/2019 13:45

Market cap of igg is 2,139,000,000 compared to plus 740,000,000 nearly three time as much does turnover and profit justify this difference

[18steven] 24/7/2019 07:02

I agree with you andrew. I think it's only a matter of time before Plus500 gains a lot of ground. IG poor results appeared to have a negative effect on our share price but their struggles should be our gain in my opinion. I can only see Plus500 taking more custom off IG in the future.

[bazildonbond] 17/7/2019 14:52

50 more for your collection here....

[andrewclarke99] 17/7/2019 11:00

I thought the buy out offer for Gain Capital Holdings may have got the price moving. However the share price on GCAP rose on the news

[asusasus] 17/7/2019 08:24

670 even doh!

[asusasus] 17/7/2019 08:20

Hoping that we can push through 570 today. Large gap to fill!

[cambridgedon] 16/7/2019 14:21

Thanks!
CD

[asusasus] 16/7/2019 13:56

Go to Plus500 investor relations and all you need to know is there. Deadline for submission is the end of the month the shares were paid in i.e. 31st July. I just hope I get the signed part B form back from HMRC in time.

[cambridgedon] 16/7/2019 12:09

Can someone advise where you get the tax reclaim form from?
Thanks,
CD

[stuffee] 16/7/2019 11:35

Don’t want to labour this point too long but I don’t think your tax inspector is correct. This is recovery of Israeli tax to reduce withholding rate to 15%, in accordance with double tax treaties, irrespective of UK tax liability. Bearing in mind ESOP want claims to be submitted by this week, point now pretty academic, but might be worth requesting your Inspector to review to ensure future recovery .

[alan00] 15/7/2019 22:48

HMRC filled in their part of the form differently on different occasions, when I queried it, the eventual outcome was that you were not allowed to reclaim the tax for shares held in an ISA. I think this was because the income wasn't subject to tax in the UK. I think that's probably quite normal with double taxation agreements, that the ability to reduce it is on the basis it is subject to tax in the home country. Given the confusion etc, I'm not saying you won't manage to do the reclaim, I'm just saying my understanding is you're not actually allowed to if the shares were held in an ISA. But obviously get your own advice / check with HMRC.

[stuffee] 15/7/2019 20:37

Alan
I’ve reclaimed Israeli WHT on ISA income for several years now. Providing you submit Israeli form, signed by your local UK tax office, confirming you are UK resident et al and other docs, and confirming receipt of income, all should be OK. Bit tedious the first time but relatively straightforward thereafter. I’ve always found ESOP quite helpful, but they do have tight timetable. I wonder if your UK tax office was confused and thought you were trying to recover from UK Revenue?

[asusasus] 15/7/2019 20:28

alan who is they? I don't see a problem claiming the tax back even though the shares are in an ISA. Why would there be? That's my money they have withheld and I intend to get it.

[alan00] 15/7/2019 20:13

Seems to be some confusion at HMRC, but ultimately they said you couldn't claim the 10% tax back for shares in an ISA. I think the reason being that the income hasn't been subject to tax in the UK (as it's in an ISA). They completed the forms different ways different times, but the above was my final conclusion when I queried.

[asusasus] 15/7/2019 18:22

Mine are held in an ISA so I don't have to concern myself with declaring anything. Straight into my personal account. It's worth doing for me as that extra 10 percent is worth 600 quid.

[sailing john] 15/7/2019 18:04

It's 10% of total divi so 40% of your £187. The other 15% can be declared on your tax return to offset any tax due on the divi. Double taxation relief. SJ

[cambridgedon] 15/7/2019 16:44

My tax deduction is £187. Are you saying that 10%
of that can be reclaimed ie £18?
CD