Barry Bradley

Hi, I have shares in a US company that split in 2 in tax year 2023/2024. The company issued a portion of their existing shares value as new shares in the new company, paid to me as a dividend. Due to the value of the dividend, I will need to pay dividend tax on these new shares. Subsequently, I sold these new shares and am due to pay capital gains tax, given the total value of my portfolio increased and so the amount I sold exceeded the threshold for capital gains tax. My question is, does the tax I will pay on the dividend count as a loss in capital and so therefore offset the capital gains tax I need to pay? Many thanks, 

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