New: the mutual dividend

kevinchess1
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Re: New: the mutual dividend

Post by kevinchess1 » Mon Apr 29, 2013 5:14 pm

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 :?:
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Re: New: the mutual dividend

Post by cccashbacklover » Mon Apr 29, 2013 5:38 pm

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. :)
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Re: New: the mutual dividend

Post by richard@imutual » Mon Apr 29, 2013 6:37 pm

We won it :lol:

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Re: New: the mutual dividend

Post by roger » Mon Apr 29, 2013 7:50 pm

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.
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Re: New: the mutual dividend

Post by kevinchess1 » Mon Apr 29, 2013 7:57 pm

Cashback companies take the view that cashback on purchases is a discount rather than income. free cashback is income and you shold declare it. :?
Last edited by kevinchess1 on Tue Apr 30, 2013 7:36 am, edited 1 time in total.
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Re: New: the mutual dividend

Post by kevinchess1 » Mon Apr 29, 2013 11:09 pm

richard@imutual wrote:We won it :lol:
Oh so it 2nd hand
Don't feel so bad about not winnin it now
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Re: New: the mutual dividend

Post by richard@imutual » Tue Apr 30, 2013 6:45 am

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..... :twisted:
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Re: New: the mutual dividend

Post by aupt » Tue Apr 30, 2013 8:26 am

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..... :twisted:
The new imutual shrink wrap machine is coming in handy then? :lol:
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Re: New: the mutual dividend

Post by Mel » Tue Apr 30, 2013 8:31 am

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..... :twisted:
The new imutual shrink wrap machine is coming in handy then? :lol:
I've heard about people who get turned on by being wrapped in cling-film :shock:
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Re: New: the mutual dividend

Post by blythburgh » Tue Apr 30, 2013 10:39 am

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

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