Calculating tax allowable losses on AIB and P_TSB

B

Branz

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Just wonder has anyone done the math here on calculation the tax allowable losses on AIB and P_TSB following the share re-organisation.

For AIB, say 10,000 shares at aggregate purchase cost of euro 12,500 which I guess is a disposal

Given the 1 for 250, then the question remains what is the cost price of the 40 replacement shares?

Ditto with P_TSB, where it was one for 100

Can these losses be included in the 2015 F11?
Thanks
 
A share reorganisation like this does not count as a disposal until the new shares are sold. If you sell half of your new shares when they are converted then you can use half the original cost of the shares for CGT purposes.
 
I don't think that a negligible value claim was appropriate in the case of either as they never became worthless (or essentially worthless).
 
Thanks guys for this, makes sense.
A number of my friends have accumulated AIB shares over the years, some back as far as 1980, via profit share, straight purchase, salary in lieu etc, coupled with part disposals.
The records, other than the disposals, are skimpy at best: any thoughts on how to establish base cost.
Thanks
 
Just looking at the holding on Computershare: all AIB holdings all zero now as at 23rd

23 Dec 2015
CLEARDOWN OF ORD CLASS -3,509
Running balance 0

:mad:
 
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