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Cadburys demerger, Newcastle brewery takeover. Tax implications.
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My OH inherited some shares a few years ago.
Now Cadburys are demerging its American drinks, and Newcastle brewery are being taken over.
We are getting shares in 2 companies for our Cadbury shares. Does it make a tax difference if it's American drinks?
It will be cash for the brewery. Does this count as capital, not income? They are offering loan notes instead of shares if we want.
OH pays standard rate tax, and I dont think we'll sell any other capital assets next year.
All the literature says "can not give tax advice", but does anyone know, in general terms what the implications are?
Now Cadburys are demerging its American drinks, and Newcastle brewery are being taken over.
We are getting shares in 2 companies for our Cadbury shares. Does it make a tax difference if it's American drinks?
It will be cash for the brewery. Does this count as capital, not income? They are offering loan notes instead of shares if we want.
OH pays standard rate tax, and I dont think we'll sell any other capital assets next year.
All the literature says "can not give tax advice", but does anyone know, in general terms what the implications are?
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