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Source: Daily Mail, LondonSept.迷你倉最平 07--The executive talk was of a 'long and happy partnership' yielding a 'significant return of value to shareholders'.For once, the stodgy corporate language didn't pull any punches.And for very good reason ? the ink was drying on an historic deal which will shower cash and shares on individual investors.Under the steely eye of Vittorio Colao, chief executive of Vodafone, the company had agreed to offload its 45pc stake in US mobile phone giant Verizon Wireless for a whopping $130bn (pounds sterling 84bn).It is comfortably one of the biggest corporate deals ever and, accordingly, some half a million ordinary UK investors who own Vodafone shares are set to benefit from the spoils.Of the pounds sterling 84bn, some pounds sterling 54bn of cash and Verizon shares is to make its way back to the pockets of all shareholders including institutional investors such as pension funds and banks.And around pounds sterling 22bn of this is earmarked for ordinary retail investors who directly own Vodafone shares. The bonanza will be worth pounds sterling 1.12p for each Vodafone share already held. Of this, 32p will be cash ? a so-called special dividend ? and 80p in Verizon shares.For example, if a saver has 1,000 existing Vodafone shares, they will get pounds sterling 320 in cash and roughly pounds sterling 800 in Verizon shares. Yesterday, Verizon shares traded at $46.17.Retail investors in equity income funds should also benefit as Vodafone has long been a favourite pick.Last year, the telecoms giant accounted for almost one in every pounds sterling 11 paid out in dividends by UK companies. Those funds which have benefited include Scottish Widows UK All Share Tracker fund, which has devoted 9.63 pc to Vodafone, Fidelity Global Telecoms fund (9.4pc), and Standard Life UK Equity High Income fund (6.4pc).The payout is expected some time in March 2014 following a shareholder update just before Christmas.However, there are still concerns about how the money and stock will be handed out, and what its tax treatment will be.For those who want to sell, a special dealing service when the deal completes will ease the sale of the shares at either a low or迷你倉no cost for small shareholders (those holding fewer than 50,000 Vodafone shares).The special dividend cash payout will come in dollars, and investors must pay for the currency conversion themselves.Many investors ? not just those who bought them as a long-term growth punt but the thousands who have simply inherited stock ? have been in touch expressing concern about what tax they can expect to pay.Much will depend on exactly where you hold your existing Vodafone stock. As a rule, the Verizon shares windfall and cash will be sent to the same account ? whether a stockbroker, bank or other account.Although the shares won't face any tax when landing in your account, the cash 'special dividend' will already have had at least 10pc deducted.If the Vodafone shares are kept in a self-invested personal pension (Sipp), there is no tax to pay on the dividend income from the new Verizon shares or any capital gains tax when you sell them.However, income from new Verizon shares held outside a Sipp could be taxed at 30pc unless your stock broker or fund manager has an agreement with the US tax authorities. Ask your broker if they have such an agreement. If it does, then the tax is only 15pc.And like any other shares not held in a Sipp or Isa, selling your Verizon stock will see you hit by 18pc capital gains tax if you are a basic rate tax payer (or 28pc if you're a higher earner) if you've used up your pounds sterling 10,900 annual CGT allowance. Other investors have been in touch to ask if it will be worth holding onto the Verizon stock.Richard Hunter, head of equities at wealth manager Hargreaves Lansdown, is upbeat about the company's future.But Ben Yearsley, head of investment research at broker Charles Stanley Direct, believes the Verizon stock may cause more headaches than they're worth.He says: 'The simple answer is ordinary investors should probably sell their Verizon shares. Most have probably bought into Vodafone for the yield, therefore do they want the hassle of getting US dividends and owning a US stock?'Copyright: ___ (c)2013 Daily Mail (London, ) Visit the Daily Mail (London, ) at .dailymail.co.uk/home/index.html Distributed by MCT Information Services儲存