I have questions relating to the CGT treatment of new shares obtained under a SCRIP Dividend Scheme when, many years later, all of the shares in the company are sold. The SCRIP Dividend Scheme was based on being given one right for each share held and then to hold those rights and receive new shares (according to a conversion ratio set at each of the SCRIP dividend events). In addition to new shares from each event, there would be a small cash proceed from the sale by the company of any fractional entitlements. Each SCRIP event involved the receipt of a small number of shares (below 10) and a fractional entitlement of less than £10 each time. (1) Should the equivalent cash value of the new shares (plus the cash fractional entitlement) be declared as dividend income in the tax year it is received? (2) Or should the cash value of new shares from each SCRIP distribution be treated as a gain and added to the calculation of any gain made when the full shareholding (original plus all the SCRIP shares) is sold? (3) Or is the gain simply the difference between the value of the total shareholding (original plus proceeds from each SCRIP event) when sold, compared to the cost of the original shares? (4) And is there any difference in treatment if the company is overseas (the transactions are conducted in Euros and shareholders in the UK receive dividends etc converted to sterling)? Many thanks