Foreign Stock SCRIP Dividend

Hi, I receive SCRIP (not DRIP) dividend from a NON-UK company, very standard SCRIP as an alternative to Cash Divdiend. After reading various rules, am I correct to say - There is no tax liability before the SCRIP stocks are sold, - Once the SCRIP stocks are sold, they are subject to CGT during the tax year where the stock was sold, assuming the cost of those SCRIP stocks were ZERO? Thanks

Hi,
As the SCRIP would normally be providing additional shares then no actual income is paid out as a dividend so no income tax would be due.
CGT will arise should the price increase in value.
Thank you.