Standard Life return of capital payment on Form 11

Discussion in 'Tax' started by Carnmore, 6 Jan 2019.

  1. Carnmore

    Carnmore Frequent Poster

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    How should the recent return of capital payment from Standard Life be treated on the 2018 Form 11?

    Is it classified the same as dividend income?
     
  2. RedOnion

    RedOnion Frequent Poster

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    It's subject to capital gains tax - you'll need to apportion the original cost between your 'new' shares and the 'B' shares redeemed.
     
  3. Carnmore

    Carnmore Frequent Poster

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    They were windfall shares and don't think they were 'B' shares in this latest return
     
  4. RedOnion

    RedOnion Frequent Poster

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    I understand they issued them, and then immediately bought them back?
    This is the transaction that happened at the end of summer you're talking about?
     
  5. Carnmore

    Carnmore Frequent Poster

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    Yes.

    If I just list it under dividend income as I did the 2016 return of value?
     
  6. RedOnion

    RedOnion Frequent Poster

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