Polo Resources Special dividend £3?

[SanMiguel]

correct, although through an SB you will probably receive the net divi, but suffer the fall in price to the full gross (3p).

Same with CFDs I Imagine.
Interestingly enough, what happens to the "tax" that is supposed to be taken off these dividends especially as CFD / SB companies don;t always hold the full underlying asset?

It's a pretty big dividend - not a good sign that the company is selling assets
, surely?

 

[yankeechief]

Is the special div income or a return of capital reducing my basis?

 

[yankeechief]

Re: Polo Resources Special dividend taxability

Does anyone know if the sp div is taxed as income or whether it is a return of capital reduction of our cost basis?

 

[SanMiguel]

Re: Polo Resources Special dividend taxability

Does anyone know if the sp div is taxed as income or whether it is a return of capital reduction of our cost basis?

It's a dividend so normal taxed at source procedure...