CG51821 | Share reorganisations: consideration paid: TCGA92 S128 (2)
From HM Revenue & Customs · Capital Gains Manual
TCGA92/S128 (2)
Consideration will normally be given in the form of cash. TCGA92/S128 (2) provides consideration does not include
any surrender, cancellation or other alteration of the original shares or of the rights attaching to them, or
any consideration consisting of the application of the assets of the company or of a dividend or distribution declared but not made.