Vodafone Sale and Payment

[Passport1]

Not sure if this posted already - couldn't find it when did search for Vodaphone

What option do I need to select on the vodaphone forms to ensure that i do not end up paying income tax on payments from the company due to the sale to Verizon
Thanks

 

[Janet]

It's spelled with an "f" rather than "ph" so you need to search for vodafone.

The big thread on the Vodafone/Verizon sale is here:
link to Vodafone / Verizon Sale thread

 

[Sue Ellen]

Hi Passport1,

I've amended the title on your thread to 'Vodafone' in case anyone does a search and wants to read all threads on this subject.

I have also moved your thread to the Investments forum where all the previous threads are. A copy of the thread will remain in the Tax forum also for one month.

It would appear that you need to select the 'capital' option.

 

[browtal]

If you do not reply they will pay you as income and thereby subject to Incometax.

If you return and 'X Capital Payment' it will be paid to you as lump sum and if this is your only investment sale this year your Annual Capital Gain allowance will cover the tax due unless you have a very large holding.

Not sure if either is subject to USC?
Browtal