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Capital Gains Tax on National Grid Rights issue
TheTinker
Posts: 2 Newbie
I sold my nil-paid rights in NG last year. Can anyone tell me how I establish the base cost for the rights?
Thanks for any help!
Thanks for any help!
0
Comments
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Were the sale proceeds less than 5% of the value of the shares you hold?0
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Hoenir: No. Value of sale was about 6.5% of the value of the National Grid shares0
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If not, “small” - 5% or less:TheTinker said:I sold my nil-paid rights in NG last year. Can anyone tell me how I establish the base cost for the rights?
Thanks for any help!https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg57857 sale of rights example calculation
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg57835 defn. of small1 -
To calculate the chargeable gain on a part-disposal, deduct from the sale proceeds the part of the original cost of the asset by using the fraction: A /(A+B), Where A is the gross disposal proceeds and B is the value of the part retained.0
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