C

    Capital gains tax - Specific types of asset - Other assets - Sundry provisions - Negligible value assets - 50155

    Where an asset has become worthless, it may be difficult to find a purchaser. Therefore, provisions exist which allow the owner to treat the asset as having been sold and immediately reacquired...

    Tax break for owners of companies in trouble

    Coronavirus is having a devastating effect on the trade of many companies which might result in closure or a negative balance sheet. What tax relief for these losses is available to the shareholders and...

    Carillion share loss claims

    Carillion share loss claims..Negligible value. HMRC has recently agreed that securities, e.g. shares, in Carillion plc have been worthless (HMRC calls this “negligible value”) since 15 January...

    Produce investment capital from trading losses

    One of your companies is struggling, but the good news is that tax rules might offer the chance of a personal tax refund which you can use to boost your business. How’s it done?

    CGT negligible value claim

    CGT negligible value claimIf you own an asset that has become of negligible value, i.e. worthless, you can make a negligible value claim to HMRC which entitles you to treat the asset as if it...

    Falling share values can cut your tax bill

    You might think that it’s too late to do anything about your Capital Gains Tax (CGT) bill for 2008/9 given that it ended on April 5. But there’s something you can do in 2009/10 that affects...

    A free valuation service

    The Taxman offers a free valuation checking service to help you complete details of capital gains on your tax return. Recently, he’s even extended this to negligible value claims. How can you...

    Those shares aren’t worthless

    If you put money up for a business venture that doesn’t quite turn out as planned there is a quick way to get tax relief it all goes pear shaped. What’s involved in making good some of your...

    All is not lost

    You invested in shares that are now worthless. To get any kind of Capital Gains Tax relief you have to sell them, right? But who’s going to buy them? However, there is another way to claim...