I have recently received a "Check of Self Assessment Tax return" letter from HMRC checking into my Negligable value claim for the loss on the value of my Ordinary "A" shares in an unquoted company. The company had been trading for many years and the money went directly into the business as working capital as per the Shareholders Agreement. (It did not go in as a directors loan) I was also became a director of the company. I also followed the HMRC helpsheet and make a few calls to HMRC before submitting my claim on my tax return in November 08. They are now requesting a copy of the share certificate, shareholders agreement, administrator details and the tax office and corporation tax reference number the accounts were filed under. I have all of this information to hand, however, does this mean that my tax return was incorrect or is this a genuine check and tick boxes exercise by HMRC. Any replies would be greatly appreciated.
Kind Regards
Jeff
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