CGT Query

[XFool]

In the case of a company takeover, the registrar's voucher with the payment cheque is dated 13 April 2022 but contains a field "Scheme effective date" - being the date the company takeover was deemed effective - dated 1 April 2022.

If reporting for CGT, which is the relevant reporting date?

TIA

[scrumpyjack]

In the case of a company takeover, the registrar's voucher with the payment cheque is dated 13 April 2022 but contains a field "Scheme effective date" - being the date the company takeover was deemed effective - dated 1 April 2022.

If reporting for CGT, which is the relevant reporting date?

TIA

I would say it is the scheme effective date, not the cheque date. Just as when you sell shares the disposal date is the deal date not the settlement date.

[XFool]

...Thanks scrumpyjack.

Unfortunately: Another one.

I bought a company share inside an ISA. Several complicated corporate events and a (successful) legal case later, it was delisted and my broker took the remaining small rump of shares out of the ISA and put them in my existing non-ISA account. These shares were later redeemed.

For purposes of CGT calculation, how do I go about working out the "cost" of these shares?

TIA

[Lootman]

...Thanks scrumpyjack.

Unfortunately: Another one.

I bought a company share inside an ISA. Several complicated corporate events and a (successful) legal case later, it was delisted and my broker took the remaining small rump of shares out of the ISA and put them in my existing non-ISA account. These shares were later redeemed.

For purposes of CGT calculation, how do I go about working out the "cost" of these shares?

The cost basis would be the market value at the time of the transfer out.

I would be pretty annoyed if my ISA provider transferred out any holding like that, as that value is then no longer tax-sheltered. For that reason I have always sold as soon as there is a whiff of a delisting, which has happened twice to me, both with AIM shares.