Even the Percys of the world will be worse off ...even though he holds for increasing dividends he does sell things quite often (when things slow down) and it appears he would have to pay tax on any share price gains.
That's the way I see it too.
Hate to think what the tax bill would have been on the EBO I held for over 25 years.For a start I can not remember or have records for what I paid for them.
I don't see how my approach would change.Hang onto my winners and sell my losers.
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