The new tax year starts today in the U.K.
This means that everybody will want to fill up what is called an ISA account.
This is when an individual will be allowed to buy shares to the tune of 10,680 GBP at any time during this tax year and put them in their ISA account.
Any gains they make in their ISA account is exempt from Capital Gains Tax.
They can buy and sell Shares in their ISA account as long as they are ISABLE shares. i.e. As long as the shares are ISABLE they can trade from within their ISA account.
Because RMP is listed on the ASX they can be put in an ISA account.
There should be a flurry of buying RMP by those investors who know that RMP is ISABLE starting tonight IMVHO.
However there are quite a few PI's who do not know that RMP can be put in an ISA account, but they will get to know about it in due course especially when RMP gets listed on the AIM market in the U.K.
Therefore we might find a lot of people changing their positions from other shares to RMP in their ISA account when they get listed on the AIM.
A lot of PI's will probably look at the leverage and fill up their ISA account with just RMP to benefit fully from the tax savings, if they feel like we do that RMP will be a MULTI BAGGER this year.
With only under a 150m shares in issue this should lead to quite a substantial increase in the SP IMO.
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- rmp can be put in an isa.
rmp can be put in an isa.
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