From: "RichardC"
Newsgroups: uk.finance
Subject: CGT - how to realise a loss on suspended shares?
Date: 11 Mar 2007 06:01:41 -0700
posting-account=igEXlwwAAAA5TC3Zwm7_dPY_aX-kiMeV
I'm planning on selling shares in Company A, having made a profit of
around =A310000. I gather that =A31200 of this profit (=A310000-=A38800 CGT
allowance) will be liable to Capital Gains Tax.
However, I also invested =A32000 in Company B, which is effectively
bankrupt and its shares are currently suspended (so I can't sell). Is
there any way that I can realise this loss to offset against the gain
made in my investment in Company A. I'm thinking that I might have to
wait until the shares in Company B are de-listed to realise the loss.
Am I right?
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