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AIM shares

Answer
Tessa Oxnam
Posted Sat, 06 Jan 2024 22:01:36 GMT by Tessa Oxnam
I inherited AIM shares which had nil value for IHT. How do I work out capital gains and losses - do I use nil value? Thanks
HMRC Admin 10 Response
Posted Wed, 10 Jan 2024 16:07:04 GMT by HMRC Admin 10 Response
Hi
Any gain / loss is the disposal value of the inherited share minus the market value of the shares at the time of inheritance, including your disposal costs.  Where a gain exceeds the annual exempt amount (currently £6000) a capital gain arises and is either taxed at the lower rate (10%), higher rate (20%) or a combination of both.
Tessa Oxnam
Posted Wed, 10 Jan 2024 19:01:42 GMT by Tessa Oxnam
Many thanks

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