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Warrior1957
Posts: 4 Newbie

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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Looks fairly simple, shares sold for 265,800 Danish Krone, converted to £30,612.46 less those 4 charges, total to be paid £30,369.49.0
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Keep_pedalling said:Looks fairly simple, shares sold for 265,800 Danish Krone, converted to £30,612.46 less those 4 charges, total to be paid £30,369.49.0
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Warrior1957 said:Keep_pedalling said:Looks fairly simple, shares sold for 265,800 Danish Krone, converted to £30,612.46 less those 4 charges, total to be paid £30,369.49.0
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a LOT more or have they just not charged the commission or whatever?0
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Was that the only shareholding?0
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Keep_pedalling said:Warrior1957 said:Keep_pedalling said: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.
Not sure how CGT works, but I assume they will need to pay some form of tax on the amount they received?0 -
Warrior1957 said:Keep_pedalling said:Warrior1957 said:Keep_pedalling said: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.
Not sure how CGT works, but I assume they will need to pay some form of tax on the amount they received?0 -
Warrior1957 said: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?
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.0 -
nom_de_plume said:Warrior1957 said: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?
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.0 -
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.0
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