Thomas Paton
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RE: Capital gains and tax liabilities after restructuring of a Company
Thank you -
RE: Capital gains and tax liabilities after restructuring of a Company
Thanks for replying… These shares are commonly given as compensation because the original company value generally drops having become smaller so how would capital gains be calculated on such shares? When GE split partly into GE Vernova my GE shares dropped in value -
Capital gains and tax liabilities after restructuring of a Company
I held shares in General Electric in 2014. Over the years GE has restructured itself, selling off businesses and recently splitting itself into three new independent businesses. GE Aerospace, GE Healthcare, and GE Vernova. During these splits I as a shareholder received shares in the new businesses. Having sold part of its power business to Wabtec, I also received shares in Wabtec. Having split into GE Healthcare and GE Vernova I received shares in each of those companies. How does HMRC see these shareholdings? Does it see them as “gifts” What are the tax implications on such shares? -
Capital Gains tax on company share save scheme shares
I was part of a company share save scheme ( GE USA) around the year 2000. The scheme worked by allowing employees to purchase shares each payment date from their wages. The Company ( GE ) then matched those shares as part of a buy one get one free agreement. My question is with regards to capital gains on selling these shares. Does HMRC treat ALL these shares as if I had purchased them ? Do the matching shares carry some sort of separate tax situation ?