RE: Evraz Loss to Offset CGT17 Jun 2025 08:44
Unfortunately DividendNomad - you couldn’t be more wrong from a legal perspective.
What you have stated is your view on the world. And whilst everyone can understand why you would have that opinion, it isn’t how the tax system works.
Your shares have not been lost. Until you either sell the shares or HMRC declares them as nil value - you can’t write off any losses. Just because you view them as Zero value for your personal gain doesn’t mean HMRC have the same opinion.
In terms of dividends, be realistic. Dividends are never guaranteed, so using averages of past payments is ludicrous. Furthermore, ‘expected dividends’ definitely can’t be used to offset CGT.
Nice try, and I’m sure we all wish the world worked how you would like it to - but unfortunately I’m sure you know what you are claiming isn’t how it works.
You might give it a go and not get audited by HMRC. But if you do, it’s an open and shut case and might be seen as deliberate fraud. Particularly the dividend element.