Thomas Paton

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

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 ?

Thank you

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

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?

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 ?