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Bullboard - Stock Discussion Forum Silver Bull Resources Inc SVBL


Primary Symbol: T.SVB

Silver Bull Resources, Inc. is a Canada-based exploration-stage company. The Company owns a number of property concessions in Mexico within a mining district known as the Sierra Mojada District, located in the west-central part of the state of Coahuila, Mexico, near the Coahuila-Chihuahua state border approximately 200 kilometers south of the Big Bend of the Rio Grande River. The Sierra Mojada... see more

TSX:SVB - Post Discussion

Silver Bull Resources Inc > Tax Implications .
View:
Post by roadtrain on Oct 01, 2021 2:43am

Tax Implications .

Silver Bull Resources announcement September 1 under Tax Implications state Arras shares will be  treated as Dividend kind.

What does this mean in relation to your explanation ? .

Comment by Heywood_Silvers on Oct 01, 2021 4:45pm
I only speak as it pertains to U.S. taxpayers.  For us, the distribution will be a dividend to the extent that there are positive Earnings and Profits.  Considering that SVBL has no positive E &P, the entrie distribution for U.S. taxpayers will be considered a return of capital.  In the event that the value assigned to Arras shares on the day of your distribution exceeds the ...more  
Comment by roadtrain on Oct 01, 2021 8:50pm
Thanks.
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