Scirocco Energy Share Price (SCIR)

Well one factor to consider for many people is that a non-listed company cannot be held in an ISA and is difficult in a normal, vanilla SIPP wrapper accessed through a retail Investment Platform(though some will accept non-listed companies at a cost). So typically you would have to sell to cash and re-purchase outside of the ISA wrapper or transfer the asset from a simple vanilla SIPP to a more complex one , again, typically at a cost.

Like most I imagine I’ve been invested in this company for many years and watched that investment dwindle to very little. Now with imminent de-listing and the company reverting back to private ownership I’m left wondering whether to cash out the measly sum left or just hang-in in the hope things improve. What’s the general consensus. Thanks

If you sell now 2024/2025 Capital Gains allowance has been reduced to £6,000 and dividend allowance to £500 for basic tax payers. All thanks to Hunt the ****. As others have replied, you can use your losses in the future which is open ended. Therefore, all this tax year if needed or part of, or none until you need it. Obviously, this is could all change under a change of government. Positive or negative. Either way, current fiscal drag is killing us.

It seems we neither of us are 100% right ArielArrow.

"To be eligible to be carried forward a capital loss must be claimed within four years of the end of the tax year in which it arose, so by 5 April 2023 for losses that arose in 2018/19."

Also

"Where the negligible value claim is made in 2022/23 the capital loss will be set against capital gains arising in the same tax year before the deduction of the annual exemption. If there are no capital gains arising in 2022/23 or there are surplus losses after any gains have been covered by losses, those surplus losses carried forward to 2023/24.

But Flexxy P I was wrong about the order - the capital loss has to be established first.

Since Ritson drained this outfit - then handed it over to the next batch of hungry HOGS this has done absolutely nothing, and todays RNS is the "writing on the wall"

Malcy bigged this one up too...another useless chancer...god knows who pays his wages too, so the Share price and company have hit the wall, and looking at all the sells offs, i wouldn't like to think what they were bought in at, probable around the 7pence mark at a guess, shame, but AIM in a minefield.

OIL & GAS / ENERGY is over, get you money onto Crypto!