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Aviva Share Consolidation and Cash Distribution

Brent Sandiford
Posted Thu, 11 Jan 2024 14:40:01 GMT by Brent Sandiford
Hi, in May 22, Aviva undertook a 76 for 100 share Consolidation and a Cash Distribution to compensate. Is the Cash Distribution to be treated as a Dividend or a Sale of the 24% share reduction. B Sandiford
HMRC Admin 25 Response
Posted Wed, 17 Jan 2024 08:18:00 GMT by HMRC Admin 25 Response
Hi Brent Sandiford,
Please have a look at the guidance for share reorganisations helpsheet HS285:
Capital Gains Tax, share reorganisations and company takeovers (Self Assessment helpsheet HS285)
and
Capital Gains Tax: share reorganisation, takeover or merger
Thank you. 

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