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Negligible values

24 May 2016
Issue: 4551 / Categories: News

The value of shares has become negligible.

HMRC has accepted the following security as having negligible value during February 2016 for capital gains tax purposes under TCGA 1992, s 24(2).

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 reacquired, either on the date of the claim or at a specified time within the two tax years before the date of the claim.

The full list of negligible value securities can be found here.



Effective date

Afren plc




Issue: 4551 / Categories: News
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