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Capital gains tax
Nikkimikki
Posts: 36
Forumite
in Cutting tax
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
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Nikkimikki said:HiCould 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 sharesValue of S104 pool - £3,100Return of capital - £903Shares held after consolidation (11 for 9) - 1009 sharesWhat is the new cost base in this scenario?Many thanksExample from Aviva:https://static.aviva.io/content/dam/aviva-corporate/documents/investors/pdfs/credit-investors/Guidance%20for%20shareholders%20on%20calculating%20capital%20gains%20following%20the%20Aviva%20B%20Share%20Scheme%202022.pdf
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