Acquisition value of shares determined by actual payment made
Technical details
Summary
The consultant asks how to determine the date and acquisition value of shares after losing information due to a transfer between intermediaries. The DGT responds that the acquisition value is the actual payment made, which must be supported by admissible legal evidence.
In 6 key points
How it affects those involved
The acquisition value of shares is defined as the actual amount paid, requiring verifiable legal evidence for confirmation.