Client recently received £20k for sale of rights nil paid on his Plc shareholding.
Shares were originally subscribed for by him under the Business Expansion Scheme prior to 31 December 1993.
The BES Ltd company was taken over by a quoted Plc around 15 years ago on what looks like a share for share exchange.
Do the new Plc shares still enjoy BES CGT exemption. If so, does that feed through to the sale of rights for £20,000.
Or does it depend on exactly what happened 15 years ago.
Just asking because I have not seen this sort of thing before.