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Where Taxpayers and Advisers Meet

Search found 6 matches

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by s445203
Fri Nov 22, 2019 9:58 am
Forum: Capital Gains Tax, CGT
Topic: Foreign Dividend as return of capital
Replies: 2
Views: 562

Re: Foreign Dividend as return of capital

Thanks Jerome - that makes it more mirky than it's worth, so I'll go the ISA route. Thanks for taking the time.
by s445203
Wed Nov 20, 2019 6:26 pm
Forum: Capital Gains Tax, CGT
Topic: Foreign Dividend as return of capital
Replies: 2
Views: 562

Foreign Dividend as return of capital

Realise this is pretty technical in nature, but would appreciate any views on the below. I'm considering buying shares in a listed US company (Norton LifeLock). The business will in a few months' time distribute c. 50% of today's share price as a special dividend. This dividend will be treated as a ...
by s445203
Mon Oct 28, 2019 3:37 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on Foreign Debt Restructuring into a Private Co.
Replies: 3
Views: 4464

Re: CGT on Foreign Debt Restructuring into a Private Co.

Much obliged Jerome - that's where I'd got to as well. Thanks for taking the time.
by s445203
Sun Oct 27, 2019 4:53 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on Foreign Debt Restructuring into a Private Co.
Replies: 3
Views: 4464

Re: CGT on Foreign Debt Restructuring into a Private Co.

Well, I’ll have a go at answering my own question with references to the legislation. Step 1 Shares and debt securities are treated similarly for CGT purposes according to CGT Section 132 3(i) or 3(iii). https://www.legislation.gov.uk/ukpga/1992/12/section/132 Therefore my bonds are treated like sha...
by s445203
Fri Oct 25, 2019 9:46 am
Forum: Capital Gains Tax, CGT
Topic: CGT on Foreign Debt Restructuring into a Private Co.
Replies: 3
Views: 4464

CGT on Foreign Debt Restructuring into a Private Co.

I bought £113k of US corporate debt of a company in Ch. 11. in August 2018. In December 2018 as part of emerging from Ch. 11, I received: £18k of cash £37k of new bonds some shares in the newly emerged company, which are private, but had a book value of £106k on December 31st 2018. In June 2019 the ...
by s445203
Thu May 02, 2019 9:10 am
Forum: Capital Gains Tax, CGT
Topic: CGT on Short Sales - timing and allowable costs
Replies: 1
Views: 427

CGT on Short Sales - timing and allowable costs

Hi, I have made a gain on the short sale of a stock. I entered the position (or borrowed and then immediately sold the stock) in March 2019 - i.e. in the 18/19 tax year. I closed the position (or bought stock to cover the stock I had borrowed) in April/May 2019 - i.e. in the 19/20 tax year. I have t...

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