CGT on free demutualised share sale

ognum

I have some Aviva shares I want to sell.

These shares we free when Norwich Union demutualised, when the year became Aviva they were automatically transfer to Aviva shares.

As I am selling some other shares I want to know at what price I value these shares when they origionally came to me so I can assess my gain/loss and stay within my CGT tax limitfor this financial year.

Has anyone any idea what price these will be valued at when received or please can you help me to a place to find I can get this information.

Thank you

Keep_pedalling

You paid £0 so whatever the sale price you have a 100% gain.

bowlhead99

If all the shares you've ever had in NU/Aviva were free shares, then their cost (to compare with the sale proceeds, to get the gain) is nothing.

If you had also bought some other shares in the NU or Aviva business, which you paid actual money for (whether full price on the stock market or as some discounted deal for members), then you can't just separate out the free ones and now sell 'just the free ones' or 'just the paid ones'. You would add up all of the purchase costs of the paid NU/ Aviva shares together with the free ones at £0 per share, and divide by the total shares to find the price per share of the whole pool.

But when the whole pool of NU/Aviva shares is made up of shares that cost you nothing, then the cost of those shares in your CGT calculation is: nothing.