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CGT - how to realise a loss on suspended shares?

I'm planning on selling shares in Company A, having made a profit of around £10000. I gather that £1200 of this profit (£10000-£8800 CGT allowance) will be liable to Capital Gains Tax.

However, I also invested £2000 in Company B, which is effectively bankrupt and its shares are currently suspended (so I can't sell). Is there any way that I can realise this loss to offset against the gain made in my investment in Company A. I'm thinking that I might have to wait until the shares in Company B are de-listed to realise the loss. Am I right?

Reply to
RichardC
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You don't need to sell them to realise the loss. You can give them away.

Reply to
Ronald Raygun

You can get relief on the basis that the shares have negligible value. If they are on this list

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, you can do it automatically, and it will be accepted. Otherwise, you can ask them to consider your claim -
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. Delisting of the shares will not in itself enable you to make this claim. Companies can go private, and still be worth something.

Reply to
Jonathan Bryce

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