There is a lot of discussion around the in-specie dividents hVIVO Plc (AIM: HVO - formerly Open Orphan Plc), which is starting to pay its investors. There is a lot of misinformation, confusion and guesswork around the implications of the impact of each dividend the company plans to give to investors; this, in turn, appears to have created some nervousness, and additional selling, when in my opinion, it should not.
The general rule is there is no income tax implication because as an investor of the parent company, hVivo, you already own a piece of the underlying asset. Therefore, you already own each spin-out, in this case, Poolbeg, and have the rights to the dividend before it is unlocked. However, there is a CGT liability which we are all liable for unless your CGT is sheltered in a SIPP and or ISA wrapper, then you will not have any income tax or CGT liability.
That said, there seems to be a mechanical or technical query to this, which is not a tax question itself but may impact the โฆ