Standard Life return of value payment

Carnmore · 20-10-2016 05:51PM #1

How should I input a Standard Life return of life payment on Form 11 tax return?

Thanks in advance

Lockedout2 · 20-10-2016 07:38PM

Yes

It's either subject to income tax or CGT.

Carnmore · 21-10-2016 06:57AM

Lockedout2 wrote: »

Yes

It's either subject to income tax or CGT.

Which is it?

Lockedout2 · 21-10-2016 07:59AM

Did you get dividends or proceeds of share sale?

If you did not elect to have it treated as Capital it's dividends.

Carnmore · 21-10-2016 01:53PM

Lockedout2 wrote: »

Did you get dividends or proceeds of share sale?

If you did not elect to have it treated as Capital it's dividends.

There was no option other than to receive a payment in the form of a cheque

Lockedout2 · 21-10-2016 06:46PM

Apologies misread you original post as "return of capital"

You will have to give a little more detail but usually these types of policies are taxed within the fund does the documentation give any detail.

nompere · 21-10-2016 07:09PM

Carnmore wrote: »

There was no option other than to receive a payment in the form of a cheque

The answers are all here.

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

If you didn't elect to take a capital payment, liable to capital gains tax, by signing and returning a form to Standard Life, then you were deemed to take a payment by way of dividend that is liable to income tax. Either way I think they sent out cheques.

Standard Life return of value payment

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