Luke Fitton retweetledi
Luke Fitton
3.7K posts

Luke Fitton
@lfitton
Write Tunes / Play Tunes / Guitarist for Kylie Minogue
London Katılım Temmuz 2009
1.1K Takip Edilen1.4K Takipçiler
Luke Fitton retweetledi

✅ @MarinaPurkiss exactly right!
If you bought a boiler and it failed to heat your home, you wouldn’t spend 10 years insisting the boiler was secretly brilliant.
You wouldn’t continue to live with it and try make it work!
English
Luke Fitton retweetledi

.@kylieminogue on her new single “Light Up”, out on Wednesday:
— “Don’t make me cry. I thought about my mum. […] It’s about how the person who loves you can see the world of possibility in your eyes.” [@MTVUK]
English
Luke Fitton retweetledi
Luke Fitton retweetledi
Luke Fitton retweetledi
Luke Fitton retweetledi
Luke Fitton retweetledi
Luke Fitton retweetledi

Excuse me. But banned why? Are we seriously saying Farage UK should have its own 24/7 news and propaganda channel with barely a peep from @Ofcom but if another party uses what Farage and Co have said in an election broadcast they can’t show it. Madness. Anyway do watch it. It is very powerful
Politics UK@PolitlcsUK
🚨 WATCH: Labour has released its banned party political broadcast containing quotes from Reform UK politicians
English
Luke Fitton retweetledi

The Refom Party politician quotes in here should shock you. Shock us all.
The Labour Party@UKLabour
Our latest Party Election Broadcast cannot be shown in full on TV. But we think you should see it anyway - uncensored. youtube.com/watch?v=to4z3C…
English
Luke Fitton retweetledi
Luke Fitton retweetledi
Luke Fitton retweetledi
Luke Fitton retweetledi

We're on the verge of a genocidal, nuclear war that our supposed "ally" has said he's ready to unleash.
Would it be too much to ask for the Prime Minister to have something to say about it? Or do?
Suspend US bases now.
Keir Starmer@Keir_Starmer
Kanye West should never have been invited to headline Wireless. This government stands firmly with the Jewish community, and we will not stop in our fight to confront and defeat the poison of antisemitism. We will always take the action necessary to protect the public and uphold our values.
English
Luke Fitton retweetledi

@Thesecretinves2 @saylor HL originally paid out as divs and now classifies as ROC. Surely ROC on US entities isn’t totally brand new territory for HMRC? All info appreciated 🙏🏼
English

STRC & @saylor is paying an 11.5% dividend yield, monthly, and UK investors are starting to ask a serious question.
In the US, some of those distributions are classified as Return of Capital.
Does that classification follow you across the Atlantic?
Here is what I can tell you, and what I cannot.
First, what Return of Capital means in the US.
When a US company distributes ROC, the IRS does not tax it on receipt. Instead it reduces your cost basis in the shares. You pay tax later, on disposal, potentially at capital gains rates.
That is a significant deferral and potentially a lower rate. It is a real advantage for US investors.
The question for UK investors is whether HMRC follows that classification.
The short answer is: not automatically.
HMRC does not simply adopt US tax characterisations. It applies UK rules to determine how a receipt is taxed, regardless of how it is described in another jurisdiction.
Under UK tax law, distributions from a company are generally taxed as dividends.
Foreign dividends from non-UK companies are treated as income and taxed at the dividend tax rates depending on your income band.
That is the default position. The burden is on the taxpayer to argue otherwise.
Could ROC distributions be treated as a part-disposal instead?
Possibly. If a distribution genuinely represents a return of capital rather than a distribution of profits, an argument exists that it should be treated as a capital receipt, reducing your base cost.
But that argument needs to be made carefully and supported. It is not automatic.
The practical picture is messier.
One investor has reported that Hargreaves Lansdown coded their February STRC payment as Return of Capital within their platform.
What a platform codes in its system and what HMRC expects on your tax return are two different things.
HL coding something as ROC does not mean HMRC has confirmed that treatment.
The honest position right now:
There is no published HMRC guidance specifically addressing ROC distributions from US Bitcoin treasury companies received by UK investors.
This is new territory. STRC has only recently become available on UK platforms. The tax treatment is genuinely unsettled.
What this means practically:
If you are receiving STRC distributions and the amounts are material, you need specific advice before filing.
Do not rely on platform coding.
Do not assume the US classification transfers.
Get the position documented.
I am actively looking at this and would genuinely welcome input from anyone who has taken formal advice or had dialogue with HMRC on the point.
If there is a defensible basis for ROC treatment in the UK I want to understand it properly, not assume it.
Summary:
US ROC treatment = real tax advantage for US investors. Confirmed.
UK treatment of the same distributions = unclear.
A capital treatment argument exists but is not settled as yet.
More to follow as this develops.
English
Luke Fitton retweetledi
Luke Fitton retweetledi
Luke Fitton retweetledi
Luke Fitton retweetledi

Gaza toddler released from Israeli custody with suspected torture wounds
trib.al/g1SOaOz
English












