tax q re beppa, page-2

I rang the tax department regarding BEPPA. they told me that if you bought and sold BEPPA ,it is CGT.
Where it got really interesting was in regards to deferred dividends .According to the tax department,They are taxable as part of your income for the financial year in which you receive the dividends,you cannot back date it to the year that you were supposed to receive the dividend.Not a good prospect if you have as many as i do.
If BBI survives till 2012,and they pay you out in Cash/BBI shares.The BBI shares are not taxable until you sell them .The cash is taxable as CGT.

To be honest they had to get back to me twice because they were not sure,and i am still going to wait till i speak to my accountant ,to confirm what they said.
I have rung the Tax Department on a number of occasions about other tax issues and they were on the money in regards to their advice LOL.
I suggest you ring them yourself and see what you make of their advice .

cheers