Hi If I sell my Standard Life shares as soon as I get them (2070 shares) will the tax man want his share? Ron
Standard Life Shares
Apr 20, 2006
14 Replies
Depends... on the share price, and any other capital gains you make during the tax year.
Hi, can anyone advise please?
Just received my allocation of SL shares (just shy of 4,000) and I'll probably cash them to help make-up the shortfall with my endowment.
I should first say that I'm a financial dimwit and I've never had shares before so I don't know how to cash them in or when is the best time to ditch them. I was thinking of searching the Internet to find out how other company (e.g. Scottish Widows) share values have performed after flotation as some indication of when the best time to sell is. Can anyone recommend a body who I can sell the shares through?
On the other had - I might just hang on to them if they are not worth very much.
Is there an FAQ for this newsgroup?
Any help/comments would be most appreciated.
Cheers, Simon
Hi dimwit, You wish.
Wish what exactly?
In message , PigPOg writes
Maybe he knows that you generally go round wishing a lot, if you do does it work?
I think he's referring to an FAQ. Not very helpful was it?
If I recall, from a previous letter from Standard Life, they were going to provide a way of selling the shares.
Might be worth giving them a call
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Regards, Ed.
Thanks for the reply Ed. Think I will give SL a call as there are a few basic questions that I want answered eg. Taxation on any shares sold etc.
Regards, Simon
The Proposal, p10, para 1:
"Eligible Members who according to our records are resident in a Permitted Country on the SGM Date will be able to choose whether to keep the shares they receive as a demutualisation entitlement or to have all of those shares sold on their behalf on flotation"
Thanks for that Mike but the wording is "on flotation". What happens if I wish to sell say, two months after floatation. Can I appoint my own vendor (if thats the right term)?
Cheers, Simon
They're your shares so you can do what you want with them. They're independent of your SL investment and I doubt that SL would be able to help you with them after flotation.
There are any number of ways to sell your shares and I'll sure someone else will be along soon to advise you what's the best way for someone who wants a quick and easy sale.
On Fri, 21 Apr 2006 14:21:14 +0100, Mike Barnes <
Thanks again Mike. Simon
You have not received any shares. The voting has only just begun. Don't pre-empt the result. You are counting chickens.
You're a cheerful git aren't you?
In message of Fri, 21 Apr 2006, Stickems. writes
It only needs 1 vote over 25% to vote 'NO' and it won't go through.
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