Taylor Wimpey Share Discussion Threads

[gbh2] 20/10/2016 09:37

No new information there, but thanks for the previous chat.

[lostuser] 20/10/2016 09:30

Stocks and shares Isas: tax advantages for basic-rate taxpayers

Dividend income: If you buy shares, or collective investments such as unit trusts that invest in a portfolio of shares for you, you're likely to receive dividends. Previously, these would be paid with 10% deducted at source. It's not possible to reclaim this tax, which is why it was not quite true to say that stocks and shares Isas were 'tax-free'. But starting in the 2016/17 tax year, the 10% deduction will be abolished. Instead, investors will receive a £5,000 allowance, meaning the first £5,000 of dividend income will be tax-free. After this, dividends will be taxed at 7.5% for basic rate taxpayers.

Capital gains: Any capital gains you make from investments in a stocks and shares Isa are tax-free. However, everyone in the UK has an annual capital gains allowance, which is £11,100 for the 2016/17 tax year, so a stocks and shares Isa will only offer a capital gains tax benefit if you realise gains in excess of this allowance in a single tax year.

Interest: If you invest in interest-bearing investments, such as corporate bonds and gilts in your stocks and shares Isa, interest is paid tax-free, meaning a saving of 20% tax for a basic-rate taxpayer.
Stocks and shares Isas: tax advantages for higher and additional-rate taxpayers

Dividend income: If you earn dividends of more than £5,000 from your investments outside an Isa, you will pay tax of 32.5% if you're a higher-rate taxpayer and 38.1% if you're an additional-rate taxpayer. You can avoid having to pay this if your assets are within an Isa wrapper.

Capital gains: For higher and additional-rate taxpayers, the capital gains tax benefit is the same as for basic-rate taxpayers.

Interest: If you invest in interest-bearing investments, such as corporate bonds and gilts in your Stocks and shares Isa, interest is paid tax-free, meaning a saving of 40% for a higher rate taxpayer and a saving of 45% for an additional rate taxpayer.

[gbh2] 20/10/2016 09:27

Interesting, I assumed the rule would be similar to the cash ISAs in as much as if you take anything out of a 15k investment then you need to wait until the next financial period before being allowed put put more in.

Does the ISA trading get around the X4 CGT trading issue and the need to fill out the Sa108 if the figure is exceeded?

The other reason I never looked seriously at the Share ISA option was because of charges!

[lostuser] 20/10/2016 09:20

You put £15k in the ISA and then you can buy and sell that amount as much as you like. Buying and selling is not included in the allowance. If you buy £15k of shares and sell for £20k, you can then buy £20k of shares again. If you do it well the £15k you put in in April could be any amount by April of the following year.

In the next April you can put a further £15k in.

Obviously if you're trading with £100k of capital a year it will take a few years to transfer that amount in to an ISA but it's worth it in my opinion

[gbh2] 20/10/2016 09:04

If £15k (approx) is the annual amount one is allowed to invest in an ISA how can one trading & out several time without quickly exceeding the fixed investment amount?

For instance my annual trading spend is approximately 100k, very little of that is new money because my disposals are about the same figure give or take 20k.

Which is the main reason I've never even considered an ISA.

[redartbmud] 20/10/2016 08:55

deadly

Exactly what I am doing. The Tw holding in my ISA cost precisely -£3.79. I got the negative interest rate bug and transferred it to capital.

[deadly] 19/10/2016 22:39

???? nothing in ISA's stop you from trading in & out! There's absolutely no difference.

[gbh2] 19/10/2016 21:57

tlobs, I'm too old school to take an interest in SIPPs and I like trading in & out of stocks far too much to use ISAs so when the time comes (as it did in 1999/2000) I pay my tax and try to smile.

[raffles the gentleman thug] 19/10/2016 21:05

arja 18/10/2016

08:53 I have to admit that sadly the chart does suggest that it could happen but might be some news which will turn it around decisively . All one can do is to cover or partially cover by a short until a clear sign that about to turn .

Priceless ..

[tlobs2] 19/10/2016 20:19

He is consistent though.

He always posts complete *ollocks and always calls it wrong.

[bonio10000] 19/10/2016 20:15

Arja proves to be the perfect contrarian indicator again.

He did the same with natural resource stocks.

[tlobs2] 19/10/2016 20:06

OK gbh2 let's agree on 210p :-)

Mine is all in my SIPP so a lot less things like tax for me to worry about :-)

[gbh2] 19/10/2016 19:04

I'd prefer the share price to stay low for the next 7 or 8 months because I still require a few to hit my 2017/18 dividend target.

IF they don't change the new dividend / tax rate rule I'm aiming to pick a tax free £2500 on TW alone, just a case of cutting my cloth accordingly for the other tax free £2500.

[daybreakers] 19/10/2016 18:35

Yes I did actually.

[tlobs2] 19/10/2016 18:21

At this rate we'll hit Deutsche Bank target price of 218p before Christmas :-)

[poacher45] 19/10/2016 12:06

Did you just skim through the report? In the first 9weeks of this year Bellway have taken 162 reservations per week compared to 149 reservations last year.

[daybreakers] 19/10/2016 07:27

Ok just looked at Bellway results, they were till July 2016, I'm not expecting them to be any good for second half of this year or next year for any of the builders.

[bonio10000] 19/10/2016 07:25

Most people don't live in London docklands penthouses with the associated stamp duty btw.

[garycook] 19/10/2016 03:00

Bellway results yesterday were encouraging.Hopefully TW will be similar.Regarding the Dividend whatever is decided by the board.The value and yield next year will be good.Also if TW decide to buyback,that will be good for the share price Look at HSBC share price since buyback,s were introduced.I purchased TW for the long term for value,growth and income.

[raffles the gentleman thug] 18/10/2016 22:09

well they actually have authorisation for one at present, but I guess they need to wait for shareholders to approve the 2016 results and free cashflow before distributing it. But again the share price will be higher then.

My own personal view is that they should indeed be more progressive, given the complete absence of leverage on the balance sheet and act to reduce the share count. Its frankly getting very boring seeing home builders continue to outcompete each other by announcing 3 year (TW), 5 year (BKG & PSN) and even longer duration plans when they singularly fail to see any value in either their own shares of those of their competitors - their own attitude goes some way to explaining the whole sector's dire performance

[omg48] 18/10/2016 21:59

Nothing different there then

[jugears] 18/10/2016 19:24

If they are going to do a share buy back surley it would be better to do it now whilst the share price is so low rather than wait for it to rise ?

[raffles the gentleman thug] 18/10/2016 16:58

garycook .... hi again - this was specifically the wording in the last press release:

"The Board confirms its intention to keep the mechanics of how the Company will pay special dividends, including the merits of undertaking a share buyback at some point in the future should it become appropriate to do so, under regular review."

But my guess is that the share price will be a lot higher than here by next July, meaning a cash distribution of the remaining 13.27p for this year is the more likely outcome.

[raffles the gentleman thug] 18/10/2016 14:45

Garycook... that dividend information was what they disclosed in their last presentation. I only ever posted it in the first place because it seems that nobody can really be bothered to look it up themselves. Obviously the special component of the dividend comes from free cash flow distribution, but assuming that holds up for the remaining three months of the year there is no reason why the dividend payout could not be the 13.8p they disclosed.

However it's important to understand that they also disclosed that the free cashflow could also be used for buybacks instead