imutual.co.uk

richard@imutual wrote:Dividends are paid out of of taxable profits, and we haven't had any yet.

Which leads to the question 'how can we afford to give an IPad away then

kevinchess1 wrote:

richard@imutual wrote:Dividends are paid out of of taxable profits, and we haven't had any yet.

Which leads to the question 'how can we afford to give an IPad away then

Mystic CBL has a feeling that it was donated.

We won it

And, while I come to think of it, dividends are taxable as income in the hands of the recipient. Cashback isn't. Not at the moment, anyway. The eagle-eyed amongst you might have noticed that HMRC is suggesting cashback paid by companies such as Hargreaves Lansdown on fund purchases should be taxed in the same way as dividends. The HL-type cashback principle is the same - it's your own money which is being refunded - and, if HMRC thinks it's worth having a go at firms such as HL, it might well try companies offering cashback on other purchases (including iMutual) next. Having said that, I don't see this happening imminently - certainly not within the next two years - if at all.

Cashback companies take the view that cashback on purchases is a discount rather than income. free cashback is income and you shold declare it.

richard@imutual wrote:We won it

Oh so it 2nd hand
Don't feel so bad about not winnin it now

It's brand new and still in its shrink wrap. But if you want me to remove you from the draw to save you from the embarrassment of turning the prize down.....

richard@imutual wrote:It's brand new and still in its shrink wrap. But if you want me to remove you from the draw to save you from the embarrassment of turning the prize down.....

The new imutual shrink wrap machine is coming in handy then?

aupt wrote:

richard@imutual wrote:It's brand new and still in its shrink wrap. But if you want me to remove you from the draw to save you from the embarrassment of turning the prize down.....

The new imutual shrink wrap machine is coming in handy then?

I've heard about people who get turned on by being wrapped in cling-film

It is shrink wrapped????????????

Surely nobody wants it then, well nobody who has tried to remove shrink wrap from anything without damaging it.