HMRC guidance explains the procedure for submitting negligible value claims on unquoted shares and determining whether previously quoted London Stock Exchange securities now qualify as having negligible value. The guidance sets out the eligibility criteria and documentation requirements for businesses seeking to claim tax relief on shareholdings that have become worthless. This process allows taxpayers to establish a deemed disposal date for capital gains purposes when shares become valueless.
Source: HMRC (GOV.UK) – Read the original