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Negligible values

19 June 2009
Issue: 4211 / Categories: News , Income Tax
Securities for May 2009

HMRC have accepted the following securities as having negligible value during May 2009 for the purposes of a claim under TCGA 1992 s 24(2).

 

Company Security Effective date
Land of Leather Holdings plc ord 10p 12/01/2009

 

Where the value of shares has become negligible an allowable loss may be established by the owner claiming that they are treated as being sold and...

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