JJ NN
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RE: Shares acquired as part of a company restructure
I'm in a similar position to Thomas. But I was an employee of GE at the time of the split. I had shares in a SIPP scheme operated by equateplus for GE. Pre-split, our shares in the scheme were protected from tax, if unsold for 5(?) years, and everyone was happy. But with the two splits, there are rumours flying around that the value of the new companies (GEHC & GEV) shares will be taxable on the day of the split as foreign dividends. This is despite the GE shares dropping by the same value and the total remaining the same. This would seem unfair, but that doesn't mean it's not true. Can you confirm how HMRC has treated these events, and what should be put on our tax returns?