Hanson - Apportionment on Demerger of US Industries 31 May 1995
- 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.
- The shares in US Industries were distributed in the ratio of one US Industries share for every 100 Hanson shares held.
- The apportionment is calculated by reference to the relevant prices of Hanson and US Industries shares on 1 June 1995:
US Industries $13.875 @ $1.5970:£1
- 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%