tax on capital gains, page-74

Hi all,

I'm wondering if anyone can shed some light on tax implications after a take over.

I had a small paper profit in one company (over 12 month hold) which got bought out and I was issued 1 for 2 shares in the new company.

Does the 12 months for cgt start again from issue of new shares?

Do I only record a profit/loss when I sell shares in new company or is it based on the value I received as per the new share issue? Even though I didn't realise a profit/loss at the time.

Thanks