These are incentives offered to members of building societies inducing them to vote for the demutualisation of the society, either by its conversion into a limited company or its take-over by a limited company. The incentives may take the form of:

a right to shares in the successor company issued at nil cost (referred to as ‘free shares’) or

a right to a cash payment from the successor company (referred to as a ‘cash bonus’).

This guidance looks at the Capital Gains Tax treatment of investors in a building society who receive either free shares or a cash bonus on a demutualisation.

This guidance does not apply to

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.