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Bradford & Bingley position of former shareholders

As you are no doubt aware, shares in Bradford & Bingley plc were taken into public ownership last year. HMRC have issued guidance relevant to former shareholders and employees who were members of employee share schemes.

The guidance sets out the capital gains tax and income tax implications for former shareholders and employees who were members of employee share schemes.

For the majority of shareholders the guidance sets out the procedures for claiming any capital gains tax loss relief.

Please get in touch if you have any concerns in this area.

Internet link: HMRC brief

To find out more about how we can help you, please contact Simon Coles & Co, London Chartered Accountants.