Jeff Coupland

Hi, I was part of a Dividend Reinvestment Plan (DRIP). Whilst my employer was a UK Company the DRIP programme provided shares in the US parent company. This was an automatic reinvestment in shares i.e. I did not have an option to take the dividend as cash. I recently disposed of the shares from this DRIP programme which yielded slightly more than £1000. Based upon previous answers I understand that as this was an automatic DRIP then any tax would be CGT based upon any increase in value from value at purchase and value upon sale. On the basis that firstly there was no increase in value as the share price declined during the period of ownership plus I have CGT allowance of £2000, I do not believe any tax is due. Can you confirm please?