Thanks Sailor,
I did have an Isle of Man account but closed it a couple of years ago. Bugger. As I understand it if proceeds from Tullow share sales were put in an English account they could attract 40% CGT but offshore/channel island accounts could be as low as 10%. No CGT would then be payable on these amounts when transferring back here. Does this make sense?
Has anyone found out if the scrip part of the HDR/Tullow takeover will be elligible for scrip for scrip rollover or will we need to pay CGT on the Cash and scrip parts of the buyout? If so what was the combined final share buyout price if one took the cash/scrip option?
Anyone know about this?
cheers
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