L
Lami
Guest
Hi.
I hold some shares in a company I used to work for and rang them recently as I want to sell a few shares. They informed me that there was a "Share Split" in January. Basically if we held, say, 20 shares, we got 40, but the value didn't change (I think). Anyway, since the share split the share value has gone way down (mostly to do with what's happening in the global markets at the moment). What I need to know is this: The current market value is less than what I paid for the shares so am I liable for CGT? Or do I somehow have to take account of the share split for tax purproses?
I'm totally clueless in this type of thing so I apologise if I'm not making myself clear. Any advice would be greatly appreciated.
Thank you
Lami
I hold some shares in a company I used to work for and rang them recently as I want to sell a few shares. They informed me that there was a "Share Split" in January. Basically if we held, say, 20 shares, we got 40, but the value didn't change (I think). Anyway, since the share split the share value has gone way down (mostly to do with what's happening in the global markets at the moment). What I need to know is this: The current market value is less than what I paid for the shares so am I liable for CGT? Or do I somehow have to take account of the share split for tax purproses?
I'm totally clueless in this type of thing so I apologise if I'm not making myself clear. Any advice would be greatly appreciated.
Thank you
Lami