IDA indiana resources limited

Ann: Trading Halt, page-52

  1. 4,414 Posts.
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    Hi TheSpaniard,

    In one of the announcement, which I couldn't find or in one of the interview's, B.B. did a while back.

    She mentioned the words (Return Of Capital).

    While am not a accountant or financial advisor, I am made to believe and every one should seek their own advice.

    That if the words (Return of Capital) are mentioned, then Tax is not payable.
    Only if it classed as a dividend of some sort, then Tax is payable.

    That is why B.B. appointed Ms Maja McGurie, as she would know the in's and out.

    Like I said above, please speak to your own accountant.

    Happy for someone to correct my assumptions.

    IMHO.

    Regards

    Rossi70
 
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