Recent Buy: NEL ASA

Transferring NEL from primary portfolio to secondary portfolio proceeded with a purchase of 1450 shares for 4,65 NOK per share. This brings the total share count back to the original 10000 shares which is also my target level. This planned transfer was something that I could do in tax efficient manner but things got a bit complicated with Norwegian tax authorities. They are planning to show some disrespect for the tax treaty between Norway and Finland with less than ideal handling of dividend taxes for foreign individuals. This means that I’ll likely be forced to exit all my Norwegian positions as the burden of claiming back taxes is too big and potentially too expensive if the process requires costly documentation. Selling all my positions will (with current valuations) trigger some taxes as I don’t have enough losses for all the profits. I suppose that’s a positive problem to have but it might also mean that I’d have to prioritise dividend paying Norwegian positions over NEL and postpone this transfer operation. I’ll have to some calculations before making up my mind.