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Where can I find information on Capital Gains Tax / GUS plc shares?

April 26, 2017capital gains Gus Plc Shares tax

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Where can I find information on Capital Gains Tax / GUS plc shares?

1 Answer

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(i) Demerger from GUS plc Former shareholders of GUS plc received 305 Burberry Group plc shares for every 1,000 GUS plc shares held at the record time on 13 December 2005. (ii) UK Capital Gains Tax Following the demerger of Burberry Group plc and the GUS plc share consolidation, the previous base cost of any old GUS plc shares held at 7am on 13 December 2005 is apportioned for UK capital gains tax purposes in the following ratio: new GUS plc shares 86.897%; Burberry Group plc shares 13.103%. This is based on the dividend ratio of 0.305 Burberry Group plc shares for each old GUS plc share held and the respective market values on 13 December 2005, determined according to normal UK Capital Gains Tax rules, of 980.5 pence for new GUS plc shares and 416.875 pence for Burberry Group plc shares.