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Investor Relations


Click here to download our Capital Gains Tax Information Sheet

What are the capital gains tax implications of the PacifiCorp return of cash?

We have been verbally advised by FT Interactive Data (formerly Extel) that the apportionment factors to be applied to the base cost of the old ordinary shares, which are the basis used by HM Revenue and Customs as well as the investment community in general, are 0.78343 in respect of the new ordinary shares and 0.21657 in respect of the B shares.

Capital Gains Tax in relation to a ScottishPower shareholder who has received Thus Group shares as a result of the demerger. What base cost should I attribute to them for CGT purposes?

The base cost you acquire in the new Thus Group shares will be a proportion of the historic base cost you had in your Scottish Power shares immediately prior to the demerger. This proportion will be equal to the market value of the holding of Thus Group shares you receive under the Demerger, divided by the combined market value of that holding and your remaining holding of Scottish Power shares. In each case, you should look to the market values immediately after the Demerger. For example, if the market value of your holding of Scottish Power shares immediately after the Demerger is £440 and the market value of your holding in Thus Group shares is £40, then eleven twelfths of the historic base cost would be attributed to the SP shares and one twelfth to the Thus Group shares.

Capital Gains Tax in relation to Southern Water bonus shares

Southern Water issued bonus shares on 31 December 1992.  The value attributable to these shares for Capital Gains Tax purposes is 475.5 pence per share.

Capital Gains Tax in relation to ScottishPower ordinary shares at flotation.

ScottishPower was floated on the London Stock Exchange on 18th June 1991, with a flotation price of 240p per ordinary share which was payable in three instalments: 12 June 1991 – 100p. 5 May 1992 – 70p, 6 April 1993 – 70p. For Capital Gains Tax purposes the £2.40 paid by shareholders who took up ordinary shares at flotation should be treated as paid on 18 June 1991.