Certain information for the purposes of calculating capital gains tax on United Utilities return of 170 pence per share.
Please note that this information is a general guide only and only applies to Alternative 1 (Initial B Share Redemption) and Alternative 3 (Final B Share Redemption) and should be read in conjunction with Part V of the Circular, as set out on pages 60 to 63.
Any shareholders or prospective shareholders who are in any doubt as to their tax position regarding the acquisition, ownership and/or disposal of the United Utilities Group ordinary shares and the B shares, should consult their tax advisers.
| A |
Assumed weighted average base cost1 per United Utilities PLC share |
|
500p
|
| B |
Assumed number of shares held in United Utilities PLC pre return1 |
|
1,000
|
| C |
Implied base value pre return1 |
A x B |
£5,000.00 |
| D |
Closing United Utilities Group PLC share price for CGT purposes on 28 July 20082 |
|
699.25p |
| E |
Number of shares held in United Utilities Group PLC post return3 |
B x (17/22) |
772 |
| F |
Value of B share return (per United Utilities PLC ordinary share) |
|
170p |
| G |
Value of return (proceeds of deemed disposal) |
B x F |
£1,700.00 |
| H |
Value of United Utilities Group PLC shares on 28 July |
D x E |
£5,398.21 |
| I |
Proportion of base cost |
G/(G + H) |
23.95% |
| J |
Base cost available |
C x I |
£1,197.48 |
| K |
Capital gain |
G - J |
£502.52 |
| L |
Remaining base value |
C - J |
£3,802.52 |
1 The Assumed weighted average base cost (A), the Assumed number of shares held in United Utilities PLC pre return (B) and the Implied base value pre return (C) are for illustrative purposes only and do not in any way constitute tax advice.
2 The lower of the two prices shown in the quotations for the United Utilities Group PLC shares in the Daily Official List on 28 July 2008 plus one-quarter of the difference between those two figures.
3 Round down to nearest whole number to exclude any fractional entitlement.
United Utilities share prices
The link above shows United Utilities share prices back to privatisation. The column entitled "Current basis" adjusts for capital reorganisations and is intended to be directly comparable with United Utilities Group PLC ordinary share prices (which commenced trading on 28 July 2008).
The above information is provided for information only without responsibility or warranty for its accuracy or completeness.