I held about £8K worth of Stagecoach shares when, in October 2011, there was a two-part change - a return of capital (about £2K) and a 4 for 5 consolidation of my holding. As I read HS285, that £2K is liable to CGT, but when is it due? I did not declare it in FY 2011/12 (in any case it was well below the annual limit).I have now sold my total holding, and my question is whether I should reduce the cost of the shares by that £2K in calculating gain or loss; it makes the difference between a small gain which I can ignore and a small loss I can carry forward. Or are things even more complicated than that?
