Help in understanding this?

I have a friend who recently lost an elderly relative, they have probate and requested to cash in their late relatives shares as they were an executor can anyone help them understand this?  Personal details removed for security.

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  • Keep_pedalling
    Keep_pedalling Forumite Posts: 14,764
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    Looks fairly simple, shares sold for 265,800 Danish Krone, converted to £30,612.46 less those 4 charges, total to be paid £30,369.49.
  • Warrior1957
    Warrior1957 Forumite Posts: 4
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    Looks fairly simple, shares sold for 265,800 Danish Krone, converted to £30,612.46 less those 4 charges, total to be paid £30,369.49.
    Thankyou for the reply, that's what they was originally thinking, however the actual payment received from CS was a lot more. Thats what is confusing them.
  • Keep_pedalling
    Keep_pedalling Forumite Posts: 14,764
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    Looks fairly simple, shares sold for 265,800 Danish Krone, converted to £30,612.46 less those 4 charges, total to be paid £30,369.49.
    Thankyou for the reply, that's what they was originally thinking, however the actual payment received from CS was a lot more. Thats what is confusing them.
    How much more?
  • Flugelhorn
    Flugelhorn Forumite Posts: 4,921
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    a LOT more or have they just not charged  the commission or whatever?
  • user1977
    user1977 Forumite Posts: 11,711
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    Was that the only shareholding?
  • Warrior1957
    Warrior1957 Forumite Posts: 4
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    Looks fairly simple, shares sold for 265,800 Danish Krone, converted to £30,612.46 less those 4 charges, total to be paid £30,369.49.
    Thankyou for the reply, that's what they was originally thinking, however the actual payment received from CS was a lot more. Thats what is confusing them.
    How much more?
    About £15,000 more.
    Not sure how CGT works, but I assume they will need to pay some form of tax on the amount they received?
  • Keep_pedalling
    Keep_pedalling Forumite Posts: 14,764
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    Looks fairly simple, shares sold for 265,800 Danish Krone, converted to £30,612.46 less those 4 charges, total to be paid £30,369.49.
    Thankyou for the reply, that's what they was originally thinking, however the actual payment received from CS was a lot more. Thats what is confusing them.
    How much more?
    About £15,000 more.
    Not sure how CGT works, but I assume they will need to pay some form of tax on the amount they received?
    Sounds like an error either in the statement or the amount paid. What shares are we talking about?
  • nom_de_plume
    nom_de_plume Forumite Posts: 959
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    About £15,000 more. Not sure how CGT works, but I assume they will need to pay some form of tax on the amount they received?
    No CGT should be payable on the shares unless they went up in value in the period between the date of death and date of sale.

    As for the extra £15k, is it perhaps dividends? Just speculation although I would still expect the sum to be detailed on a statement somewhere.
  • Warrior1957
    Warrior1957 Forumite Posts: 4
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    About £15,000 more. Not sure how CGT works, but I assume they will need to pay some form of tax on the amount they received?
    No CGT should be payable on the shares unless they went up in value in the period between the date of death and date of sale.

    As for the extra £15k, is it perhaps dividends? Just speculation although I would still expect the sum to be detailed on a statement somewhere.
    The £15k appeared on another statement arriving days later. 
  • Notepad_Phil
    Notepad_Phil Forumite Posts: 1,260
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    edited 22 August at 9:48PM
    Would the company happen to be AP Moeller - Maersk? E.g. https://www.nasdaqomxnordic.com/shares/microsite?Instrument=CSE3200

    If it is, and I'm reading this right, then if the last 3 dividends from March 22 onwards had not been paid out (e.g. because the platform had been informed of the death of original shareholder) then it looks like that would comprise a value of 6800 Krone per share, so a total of 136,000 Krone and given the currency rate in your first post then that would come to just over £15,600.

    This could of course be completely coincidental, so the only way to be 100% certain would be to contact the platform that were used to hold these shares.
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