Vodafone in talks to sell stake in Verizon Wireless

Nick_C

I hold 3750 VOD bought at £1.651, so I'm sitting on a nice 30% (c£2K) profit if I sell now. I had bought VOD for the dividends, and had planned to hold them long term. However, I'm thinking of selling now. I think the benefits of the Verizon sale are accounted for in the current share price. I don't want Verizon (or any foreign shares) in my portfolio because of withholding tax and the hassle of self assessment. But the key thing making me think I should sell now is I would rather the £1200 "special dividend" as a capital gain rather than taxable income. I'm a basic rate tax payer, and my cap gains are nowhere near £10K pa.

This will release about £8K. Will probably try and get £2K of Royal Mail, and split the rest between RDSB, BP, and CWC.

I might buy shares in the "new" VOD once all the dust has settled.

Comments welcome!

femigirl

quick question, which company offers the most cost effective way of selling Vodafone shares?

grey_gym_sock

femigirl wrote: »

quick question, which company offers the most cost effective way of selling Vodafone shares?

do you hold the shares as a certificate or in a nominee account?