Latest Group news29 Apr 2018 15:00
Our group now numbers 90 shareholders and we represent a little over 5% of the company.
As I stated in my email a couple of days ago to group members, I proposed using the capital gains tax claim of a Negligible Value Claim to offset my costs of buying these shares against CGT. Even if you don't have any gains this year you can do this and use the loss in future years. I can confirm that I filed my tax return this morning - early in the year, yes, but I thought if I was the first person to make this claim then the Revenue will see others follow.
The rules state that the shares need to be "worth next to nothing", which they are; AND the company needs to still exist...which it does. Good luck all and if I hear anything more I will inform all but so far we have untradeable shares in a company that has delisted from AIM, with Directors that are in Singapore/Malaysia and not contactable, with a website that's well out of date; with no assets in the UK. Best wishes, Barry