Capital gains tax

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General

When you sell shares, you may have to pay capital gains tax (“CGT”) on part of any profit you make. CGT is calculated on all gains made during a tax year (starting on 6 April) and there is no liability to pay CGT if the total of all gains is less than the annual exemption for that year. Please contact your local Her Majesty’s Revenue and Customs (HMRC) office.

If you make a loss on disposing of a particular type of asset during a tax year this can reduce the amount of CGT you have to pay on sales of other assets during that tax year.

Diageo plc Shares

The following information is available to assist Diageo shareholders in calculating UK CGT.

Click on the links below to view or download documents:

Diageo plc - UK Capital Gains Tax Fact Sheet

Information to assist in identifying the original capital gains base cost of Diageo plc shares

Examples of capital gains base cost apportionment (Diageo plc)

Table 1 - percentages for taper relief (Diageo plc)

Appendix 1 - Former Guinness plc shareholders

Appendix 2 - former Arthur Bell & Sons plc shareholders

Appendix 3 - former Arthur Bell & Sons plc convertible loan stockholders

Appendix 4 - former The Distillers Company plc shareholders

Appendix 5 - former Martin the Newsagent plc shareholders

Appendix 6 - former Grand Metropolitan PLC shareholders

The 31 March 1982 market value prices noted in the appendices are provided by FT Information and have not been independently verified.

Diageo staff are not able to give advice on capital gains tax.
Should you require advice, please contact an independent financial adviser.

Disclaimer