Safeway and Morrisons takeover

Um, and how does one work out one's capital gains position for a partial sale where the part is potentially unknown?

(Doesn't matter if I've made a loss I still need to know)

tim

You need to find out the share price on the first day of trading after the takeover.

so that simple then.

thanks

tim

Hopefully so. :)

Depending on exact figures, it is likely to be a part disposal. And within your annual exemption?

I'm still on Money 99, so maybe it has improved, but 99 at least doesn't really deal with it at all, just change the name and EPIC code for the share and record a cash deposit as a capital gains distribution. Do *not* trust it for CGT calculations! (If the latest Money really is CGT compliant I'd be interested to know, it might be a reason to upgrade, but CGT is so complex that I still wouldn't trust it to be right.)

Generally it's split by the relative values on the first day of trading, the next annual report will probably tell you.

But (note the email address) I don't have an annual exemption, just an accumulation of each year's gains until I come back (I bought all of my share-holdings before I left)

thanks anyway

tim

Is my server missing some posts?

The receipt of monies is (potentially) a part disposal for CGT. Or are you non -resident?

My comment must have been too cryptic, sorry.

Yes.

So I have to work out how each part of this sale is accounted for the future. There's no immediate liability (or usable loss) but there might or might not be in the future due to the five year rule.

Fortunately, there's no local liability (for which read: aggro in filling in a complex form in a foreign language) as I've held the shares long enough to qualify for 100% taper relief.

But,of course the above is all part of the normal life of being non resident that I have to understand. The only different thing here is in understanding how I work out the percantage that I have sold, and you have answered that - thank you.

tim