Can I offset my tax return against this shares loss ?

Tyler_Durden_UK

Here's the situation, a while back I purchased some shares in a company on aim, the shares were de-listed earlier this year. The shares cost approx £1,000

I have a tax return coming up, this will include a return for a rental property that was sold last year.

Will I be able to use the loss on the shares to soften the blow of the sale of the rental property ?

Pennywise

As long as you've sold the shares (or HMRC have agreed a negligible value), you'd have a capital loss to set against the capital gain.

Tyler_Durden_UK

Pennywise wrote: »

As long as you've sold the shares (or HMRC have agreed a negligible value), you'd have a capital loss to set against the capital gain.

The shares weren't sold they where removed from aim

greatkingrat

Is the company on this list?

https://www.gov.uk/guidance/negligible-value-agreements

Pennywise

Tyler_Durden_UK wrote: »

The shares weren't sold they where removed from aim

You either have to sell them or HMRC must agree they have negligible value to be able to claim the loss. If you still hold them, and HMRC havn't agreed a negigible value claim, you don't have a realised loss, and can't claim loss relief.

jimmo

If your shares are not on the HMRC list they will not appear there unless somebody makes a successful negligible value claim and there is nothing to prevent you from making a claim.
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg13140
However the shares being removed from the AIM is not necessarily an indication that the shares are worthless. If you Google "AIM delisting" you will find a number of articles detailing the woes of minority investors when delisting occurs but sadly, not having a ready market to trade in is not the same as having shares that are worthless.
You probably need to do quite a bit of research into what has actually happened to the company.