Hi all, I have a questions in regards of the capital loss of the convertible loan.
I have made a £44k loan to a Company (which is qualified as a Enterprise Investment Scheme company) and the Company subsequently repaid £4,000 back to me and leaving a balance of £40K at liquidation (the Company has not closed at the end of the 2015/16 tax year but I have been informed by the liquidator that there is no recovery). The loan is a convertible loan and it was not converted to shares prior to the liquidation.
I just want to confirm whether I can claim £40K as the capital loss in the 2015/16 or 2016/17 tax return in order to offset some other income tax or capital gain tax.
Many thanks.
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