Royal Dutch Shell Plc  .com Rotating Header Image

We don’t like … … no rollover relief

The Guardian (UK): We don’t like … … no rollover relief

Phillip Inman

Saturday May 28, 2005

Potential problems loom for savers who have stashed share certificates in oil giant Shell under their bed, in a safe deposit box or electronic nominee account.

Anyone investing in the the Netherlands-quoted Royal Dutch arm of Shell will be faced with significant CGT liabilities. It follows the merger of UK-based Shell Transport & Trading and Royal Dutch to create Royal Dutch Shell plc, says stockbroker Charles Stanley.

Royal Dutch shareholders get 60% while Shell Transport owners get 40%.

The stockbroker warns: “Although there is no tax payable by the vast majority of shareholders, the offer for Royal Dutch does not qualify for UK rollover relief.”

The merger is due to take effect in July.

http://www.guardian.co.uk/guardian_jobs_and_money/story/0,,1493788,00.html

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.