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Capital Distribution & Consolidation

Posted Thu, 07 Dec 2023 09:26:37 GMT by
When a listed company consolidates its shares and makes a capital distribution in cash should this be declared in the Capital Gains tax section of the SA, even though there has been no disposal?
HMRC Admin 25 Response
Posted Fri, 08 Dec 2023 16:36:49 GMT by HMRC Admin 25 Response
Hi Aileen Broomfield,
Please refer to guidance here:
Capital Gains Tax, share reorganisations and company takeovers (Self Assessment helpsheet HS285)
Thank you. 

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