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Where Taxpayers and Advisers Meet

Shares Consolidation

lawfra
Posts:11
Joined:Fri Jan 26, 2018 1:55 pm
Shares Consolidation

Postby lawfra » Tue May 09, 2023 6:34 am

Hi Guys,
I own 530 Aviva ordinary shares in 2022. Aviva decided to consolidate their shares and return capital to shareholders by means of B shares. This was completed on the 16 May 2022. I have received cash in payment of the B shares. I would appreciate some advice as to how to complete the Capital Gains Tax Summary with respect to receipt of cash under the B shares scheme. Thanks.
Regards
Lawfra

pawncob
Posts:5111
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Shares Consolidation

Postby pawncob » Tue May 09, 2023 12:31 pm

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
With a pinch of salt take what I say, but don't exceed your RDA

billypiper
Posts:114
Joined:Wed Aug 06, 2008 4:10 pm

Re: Shares Consolidation

Postby billypiper » Tue May 09, 2023 4:44 pm

You will have a part disposal for tax purposes on the cash element

Dennis

Taxesclear Ltd

+447802704840

lawfra
Posts:11
Joined:Fri Jan 26, 2018 1:55 pm

Re: Shares Consolidation

Postby lawfra » Thu May 11, 2023 8:23 am

Thanks pawncob and billipiper for your replies. Much appreciated. I have calculated my gain using the Aviva guidance for calculating capital gains. It works out that I have a gain of £7.27. Do I still need to complete the capital gains summary as it is less than £12300 for Tax Year 2022/2023?

pawncob
Posts:5111
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Shares Consolidation

Postby pawncob » Thu May 11, 2023 11:01 am

No.
With a pinch of salt take what I say, but don't exceed your RDA

lawfra
Posts:11
Joined:Fri Jan 26, 2018 1:55 pm

Re: Shares Consolidation

Postby lawfra » Sat May 13, 2023 6:21 am

Thanks pawncob


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