Vodafone Return of Value

1971graeme

I have 889 shares in Vodafone in a HL account. Received a letter from HL with 2 options to receive the proceeds depending on tax situation. B share option is treated as capital and C share option is treated as income. The default is B share option and have till feb 14th to decide. HL are offering a £5.95 deal for clients not wishing to hold Verizon shares and the HL currency service will convert the US dollars into sterling at a special rate. I'm a bit of a novice at all this and for tax purposes don't affect me and wondering is the default option to generate more business for HL and therefore give me less than if i opt for the C share option. Could be way off and both outcomes will give the same money result to me. Any advice appreciated.

JRP1414

Hi, I too would welcome some assistance with this!

bjaich

I encounter the same question with iweb. Did some reading and found that if your shares are in an ISA it does not matter.

I found the following in the daily telegraph.
http://www.telegraph.co.uk/finance/personalfinance/investing/shares/10594560/Vodafone-Verizon-deal-How-to-tick-the-form-and-pay-the-least-tax.html