单词 | dividend stripping |
释义 | dividend stripping dividend stripping(bond washing) The practice of buying gilt-edged securities after they have gone ex-dividend (seeex-) and selling them cum-dividend just before the next dividend is due. This procedure enables the investor to avoid receiving dividends, which in the UK are taxable as income, and to make a tax-free capital gain. Dividend stripping was once popular among higher-rate taxpayers but has now become of little interest since the rules regulating the taxation of accrued interest were changed. |
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