From: "Doug Ramage" 
Newsgroups: uk.finance
Subject: Re: Suspended shares and what do I do now?
Date: Wed, 24 Sep 2003 17:22:20 +0100


"Laura Phillips"  wrote in message
news:bksfo7$bh2$1@newsg3.svr.pol.co.uk...
> I have shares in Leicester City Footbal Club and Bula Resources both of
> which have suspended trading.
>
> As I dealt through a sharedealing house whenevr I've asked for information
> they've been unable to help me.
>
> I've e-mailed both companies, tried to get through on the phone and
written,
> but no replies have been forthcoming.
>
> Is there any way I can find out what happens to these shares - are they
> still worth anything, will they trade again, what ????????
>
> Any advice extremely welcome.
>
> Laura.
>
> p.s.  Escpecially the LCFC shares - I bought them for my husband as a
> birthday present and they ceased trading a week later - bit of a let down
> for him really as he's a big fan.
>
>

Not sure what is the current status of those 2 shares. However, if they do
become/ are worthless, then you should be able to establish a CGT loss,
which can be set against CGT gains.

Also, if you subscribed for the shares, you have the option of establishing
an income tax loss. This can be set off against other income -
e.g.employment income - to generate a tax refund. Just done one for client
who got £20,000 back from the IR. :)
--
Doug Ramage