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MaxMarioni's Insights

Insights for March 2016

Posted by MaxMarioni on 20 March 2016, 7:00 PM

A budget for Investors

A raft of measures unveiled in the 2016 budget is set to benefit investors in UK equities and have the potential to shift investing patterns on the LSE in the coming weeks. The main measure will concern changes to the way capital gains will be calculated, which is the tax investors pay on gains made by selling shares as a proportion of the value increase accumulated since buying shares. The basic rate of capital gains tax will fall from 18% to 10% from April this year, while the higher rate will fall from 28% to 20%. Translating with a practical example, for a £10,000 gain (above the £11,100 tax-free allowance) a basic-rate taxpayer would with the current system be left with £8,200 after tax, and a higher-rate or additional-rate taxpayer with £7,200. Under the new rules, the basic-rate taxpayer would be left with £9,000 and the higher (or additional) rate taxpayer with £8,000. (Read more)

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Posted by MaxMarioni on 14 March 2016, 7:41 AM

Not Going Home: HSBC and its Pivot to Asia

Other Insights on Related Shares: HMUS.L, HSBA.L

Investors were expecting more, in the week after the Hong Kong and Shanghai Banking Corporation – HSBC - made its final decision known regarding whether to stay in the UK or return to Hong Kong, the city where it was based until 1990. The announcement that it would continue to have its legal headquarters in the UK, with the regulatory and fiscal repercussions this would entail, was saluted by the markets, which didn't make them less inclined to forgive what have been widely interpreted to be disappointing earnings. (Read more)

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