Hanson - Apportionment on Demerger of US Industries 31 May 1995 

  1. For Capital Gains Tax, the tax base cost of Hanson PLC shares held 31 May 1995 should be apportioned between the two shareholdings after the demerger: Hanson and US Industries.
  2. The shares in US Industries were distributed in the ratio of one US Industries share for every 100 Hanson shares held.
  3. The apportionment is calculated by reference to the relevant prices of Hanson and US Industries shares on 1 June 1995:
         Hanson 231.25p
         US Industries $13.875 @ $1.5970:£1
  4. Thus the tax base cost of Hanson shares held on 31 May 1995 should be divided as follows:-

 

         Hanson                        96.378% 
         US Industries                3.622%