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Cost base on shares
Nikkimikki
Posts: 36 Forumite
Hi
Could somebody let me know how to calculate the base cost of shares for CGT in the below example please. This in relation to a return of capital and share consolidation:
Shares held prior to transaction - 1234 shares
Value of S104 pool - £3,100
Return of capital - £903
Shares held after consolidation (11 for 9) - 1009 shares
What is the new cost base in this scenario?
Many thanks
0
Comments
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The company doing the share capital return usually explains the tax implications including how to work out your new base cost.0
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