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What was the value of Zeneca shares when it demerged from ICI?

April 26, 2017ici Shares value zeneca

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What was the value of Zeneca shares when it demerged from ICI?

1 Answer

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Shares in Zeneca Group PLC acquired on demerger from ICI will be treated as having a base cost for capital gains tax purposes ascertained by reference to the values of Zeneca and ICI shares on 1 June 1993 calculated in accordance with the provisions of Section 272 of the Taxation of Chargeable gains Act 1992. The base cost of any holding of ICI Shares on that date will be adjusted on the same basis.