Standard Life return of capital payment on Form 11

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Carnmore

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How should the recent return of capital payment from Standard Life be treated on the 2018 Form 11?

Is it classified the same as dividend income?
 
It's subject to capital gains tax - you'll need to apportion the original cost between your 'new' shares and the 'B' shares redeemed.
 
RedOnion said:
It's subject to capital gains tax - you'll need to apportion the original cost between your 'new' shares and the 'B' shares redeemed.
Click to expand...

They were windfall shares and don't think they were 'B' shares in this latest return
 
I understand they issued them, and then immediately bought them back?
This is the transaction that happened at the end of summer you're talking about?
 
It's not dividends. 2016 was different as you had a choice.

Look at page 59 of the following document:
[broken link removed]

There's a worked UK example on their website. Same principle applies here.
 
If I sell the the shares left after the "return of value", how do I calculate a tax due on them? Any help much appreciated.
 
It sounds similar to what Aviva did this year.
I queried with Revenue, told me it was not subject to CGT.
I have it in writing.
 
I would raise a query on Revenue website, direct it to CGT section.
You did not sell any shares. The company reduced the number of shares in issue.
 
OK, I recieved the Return of Value, a few years ago and was left with some shares. I have now sold those but not sure if any profit made on them and don't really know how to explain it to Rev. Would Rev CGT section know?
 
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