Tax Relief on Investment Losses - May 2009
Do you own shares which are standing at a loss?
In today’s economic climate it is highly likely that various investments will now be worth very little. In certain circumstances, relief may be available against your general income for allowable capital losses that arise in relation to these shareholdings. Relief will only apply if the disposal of shares is by a bargain made at arm’s length, a distribution in the course of winding up the company or by negligible value claim. Various additional conditions have to be met in order to qualify for relief.
To find out more information, please email Barry at barrye@wellsassociates.com