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KEITH PARKHOUSE explains the advantages of an election to receive foreign scrip dividends
KEY POINTS
- The background to the present Royal Dutch Shell share structure.
- Converting Shell B shares into A shares.
- FRIPs and the negated income tax liability.
- Potential capital gains tax liability may be avoided.
- Confirming the location of the shares.
Mike Thexton’s article Scrip DRIP CRIP provided a useful reminder of the differing tax treatment of scrip dividends and dividend reinvestment plans (DRIPs) and applied those principles to three widely held shares that have used them in recent years: Standard Life Rolls-Royce and Banco Santander.
I have had a recent encounter with another widely held share ...
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