Tesco Share Discussion Threads

[salisbury3] 28/1/2021 22:35

The Financial Times makes it clear that the special dividend is taxable as a dividend (subject to the £2,000 limit). The UK tax legislation makes no distinction between a capital dividend or an income dividend. A dividend is a dividend is a dividend.

[konradpuss] 28/1/2021 22:16

Golden, on reading the full circular I think you and I are correct. Phew!

[golden2755] 28/1/2021 22:02

💯 🙏 😇 ☝️

[mbronco1] 28/1/2021 21:57

The 50,93 Special Dividend is exactly what it says 'Dividend' and treated as income and taxable if over the £2000 limit. It is not a capital distribution

[konradpuss] 28/1/2021 21:04

Golden2755, you are assuming the tax treatment of the dividend is 'income'.

I think the Revenue could look upon it as a capital return. We shall see.

[golden2755] 28/1/2021 20:44

💯 🕊 😆 🍀

[johnwise] 28/1/2021 19:21

VIDEO

SHAMEFUL Tesco SACK Hero Manager 🤬 We’ve Lost The Plot

[ttg100] 28/1/2021 09:44

left buy at 235 couple of days ago that was never filled
going to try it again

[johnwise] 28/1/2021 08:28

Communist China Virus Update:

Beer destined for pubs goes on sale in Aldi

by Darren | Thursday, 28 January, 2021 | Beer News

Aldi is to sell off beer made by 13 breweries which should currently be in pubs and which would, consequently, have gone to waste.

[golden2755] 27/1/2021 22:17

💯 🙏 😇 ☝️

[konradpuss] 27/1/2021 19:32

Merryfield, I think HM Revenue & Customs might look at the Special Dividend as a capital distribution as it represents the sale of a fair chunk of the company, i.e. that is what is behind the reason for the Special Dividend.

I might be wrong mind - hope I am not.

[golden2755] 27/1/2021 18:54

💯 🙏 😇 ☝️

[bountyhunter] 27/1/2021 18:14

The market seems happy enough with the special divi / consolidation judging by the 3 month chart, which is good enough for me :)

[ladeside] 27/1/2021 16:17

Good news for all those with the 1.68 saye which matures in March, confirming that they won't be affected by the adjustments or proposed consolidation.

[wendsworth] 27/1/2021 13:14

mbronco1: Your post 852 ..succinctly put. I'm out. Sold outimmediately on reading announcement. As ever ....'there is no such thing as a free lunch'. Always good to read the small print. Looking to buy back once the inevitable 'ex-dividend froth and bubble' dies down.

[alphorn] 27/1/2021 11:19

Closed out call positions this morning. There are likely to be plenty of income chasers which has those positions at risk. Short (bullish) puts remain open.

[merryfield] 27/1/2021 11:12

Why is it called a special dividend when in actual fact it's a return of capital?
I'll pay tax on the dividend and end up with 20% FEWER shares.
Where's the logic in that?

[supercity] 27/1/2021 10:28

I'm not sure which bit you are referring to.What I am trying to say is that if Tesco was valued at 225p per share before the divi announcement and afterwards it steadily rose to 260-270p then you could sell before the divi and pocket the profit.You could also take the divi but might have to pay tax on it.

[sentiment riles] 27/1/2021 09:50

They had to sell Lotus. Thai connections were doing 7-11 a few favours imo

Pity though. Was very popular and liked . But that’s why had to sell