Worthless shares?October 20, 2010 If you subscribed for shares in an unquoted company, which subsequently went bust, you may be able to claim tax relief against your income for that loss. HMRC previously only allowed claims for this tax relief where the shareholder subscribed for the shares in his or her own name alone, not through a nominee or in joint names. HMRC have now changed their view on this and will allow valid claims for the loss on shares held in joint names or through a nominee. Ask us to help you with the claim. New HMRC practice on share loss relief http://www.hmrc.gov.uk/briefs/cgt/brief4110.htm
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