Vodafones ” Return to value” strategy.

If you are one of the 380,000 or so Irish investors who directly hold shares in Vodafone, you should have received a chunky circular in recent weeks outlining its so- called “return to value” strategy.

This pack contains a Return of Capital Form, this form needs to be signed and returned. Should you have mislaid your pack, please contact the following number (01) 6968421 quoting your shareholder reference number to receive a replacement pack.

Should you have any questions or queries, in relation to this matter. Please contact us 0402 29376 for an appointment.

Bankruptcy Costs Reduced

The cost of a bankruptcy has decreased by as much as €750.00 from December 2013.

When the Companies (Miscellaneous Provisions) Act 2013 was passed by the Oireachtas at the end of December, it  has allowed for a reduction in the costs associated in giving notice of bankruptcy by a person adjudicated bankrupt.

The essential change is the provision of a new option: that of using cost free, the website of the Insolvency Service of Ireland for the notice of bankruptcy in addition to Iris Oifigiúil.

There is now a new section on the Insolvency Service of Ireland website, for these advertisements.

https://www.isi.gov.ie/en/ISI/Pages/Statutory_Sittings

Vodafone’s Return of Capital to shareholders

As you may be aware, the Vodafone Group proposes to reorganise and return some capital to shareholders.  The background to this is that the group on 2 September, 2012 announced that it planned to sell its Verizon Wireless investment to Verizon Communications Inc.  Following is a link to the Revenue Commissioners website that deals with the majority of small Irish Investers who bought Eircom shares in 1999 and still retain the related Vodafone shares.

The important thing to note is if you opt for the return of Capital AND complete and return the relevant forms, the return will be subject to Captial Gains Tax and may effectively be tax free (as the return leads to the crystallisation of a Capital Gains Tax Loss) but if not the dividend will be subject to Income Tax and related levies and charges.

http://www.revenue.ie/en/tax/cgt/vodafone-shareholders.html

Also attached is an interesting article from the Irish Independent giving guidance on how to complete the bundle of forms Vodafone Investors received recently. Its well worth a read

http://www.irishtimes.com/business/personal-finance/vodafone-windfall-how-much-will-i-get-what-do-i-do-1.1653948#.UtZlJcMDBR0.email