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Posted Tue, 03 Dec 2024 13:53:55 GMT by Steven Barrett
I worked for an investment firm in Hong Kong in 2013. At the beginning of 2014 I received a bonus in the form of cash on which I paid HK salary tax. A condition of the bonus was that part of the cash bonus was to be re-invested in units of the investment fund I worked for. The firm paid the subscription amount in cash to the fund administrator on my behalf but I had to complete and submit a subscription form. Is the cost base on which any subsequent CGT will be calculated based on the price that I subscribed to the fund units? Or do I have a zero cost base as I didn't physically make the cash payment .... the cash was paid by my employer on my behalf?
Posted Fri, 06 Dec 2024 14:31:09 GMT by HMRC Admin 32 Response
Hi,
Although your employer paid the subscription for your, it was with your money, so the acquistion cost would be amount paid for the investment. Any gain will be based on this, minus costs.
Thank you.

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