Shares acquired as part of a company restructure

I had shares with General Electric. General Electric split itself into three companies in early 2024. GE Aerospace GE Healthcare GE Vernova. As part of the restructure anyone holding shares with GE Aerospace was given one Vernova share for every 4 Aerospace held. How is this looked upon by HMRC with regards to Capital Gains Tax ? Is the tax only calculated on the profit made from the date they were given, or is the fact they were given a tax issue in itself ?

Hi Thomas,
Please refer to guidance at: Capital Gains Tax, share reorganisations and company takeovers (Self Assessment helpsheet HS285).
Thank you.

I don't see anything in the link you supplied that explains my situation? The original company General Electric split into three distinct and separate companies, each with their own Stock Market listings. I have shares with General Electric. I was offered shares in a new company division, GE Vernova, based on my holdings with General Electric. I do not see any of the examples in the 2024 link that covers my situation, and as such Ido not knkw the gains liability

Hi Thomas Paton,
A capital gain would only apply if/when you sold any of the shares. as per the previous reply, HS285 gives details on how share reorganisations are dealt with at the time of sale.
Thank you.