Carol Lawson
-
Which year is CGT due on late payment of takeover proceeds as shares were lost/forgotten
When is CGT due on shares that were forgotten/lost and subsequently a search company finds the owner and pays the money due from a takeover (after costs) to the holder of the shares. Is it in the tax year when the takeover happened or the tax year when the shareholder actually receives the money. A second question is the tax due on the money received or the money before search company costs? Many thanks for any help