Elderly friend; no interest in shares; proposes to sell all his 17 Shareholdings ( value c£0.5m ) and distribute the money to his family. He received some money in the 1980s &1990s ( est £150K ) ; gave to small local stockbrokers to invest for him.
These brokers were taken over; then new Brokers taken over; taken over by Internet Broker; and then by another internet broker. Shares are now shown as "free transfer" so that most of the portfolio value is shown as "profit". Presumably this could lead to great difficulty in producing a CGT return and any advice would be appreciated.
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