help please ! claiming tax losses

mjtllb · Postby **mjtllb** » Wed Apr 02, 2003 5:24 am

I have made some large share losses and wish to claim these against other gains made this year BUT the two shares I need to sell are either in liquidation or suspended and the registrars tell me that I am lumbered with them. This seems most unfair as they are worth nothing but I cant claim the loss. Is this true and if so, how can I get the benefit of this loss to set against this years gain? Can a loss be carried back if I can only get shot of them next year? I dont expect to make any gain next year so the loss next year would be useless. Many thanks to anyone who can help.

Neale · Postby **Neale** » Fri Apr 04, 2003 2:00 pm

http://www.inlandrevenue.gov.uk/pdfs/20 ... /ir286.pdf

provides details which appears to allow you reasonable flexibility over the timing of 'effective' disposal

neale@coules.com