Delisting

Hi,
I have some shares from Intercytex Plc that were delisted in January this year. The company was re-registered as a private limited company and trading of the shares was cancelled. Does this mean I can declare my holding as a capital loss for this financial year?
Thanks in advance.
TG
Reply to
tg
"tg" wrote
If you still hold the shares, then don't you have the potential to receive dividends or sell them in future...?
If so, then any loss hasn't been realised yet, so the answer is probably 'no'.
Reply to
Tim
The shares still show up in my nominee account, but I can't trade them. There is no dividend, the re-registered private company is in the process of being wound up, and shareholders are not expected to receive anything.
Does it mean until the winding up is complete, and it is certain shareholders won't receive anything, I can't declare any capital loss?
TG
Reply to
tg

What's the rush? Have you realised capital gains this year, in excess of the CGT-free limit, against which you could set the loss? If not, why not just wait?
But if so, then, well, although you may not be able to trade them on the public stock market, there is nothing in principle to stop you selling them privately, other than that nobody would be foolish enough to want to buy them.
You could bribe someone to buy them off you for a few quid, by giving them the few quid for which to buy them off you, plus a pint.
Reply to
Ronald Raygun

He could also make a negligible value claim
See
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His shares aren't on the list, but that is probably because nobody has asked them to put them there.
Reply to
Jonathan Bryce
"Jonathan Bryce" wrote
Hmmm - the comment on Marconi at the foot of the list looks interesting:- "... base cost is to be apportioned using part disposal formula i.e. A/A+B. The A element will be the value of the Marconi Corporation shares and warrants received, the B element will be nil."
If B is 'nil', then isn't 'A/A+B' *always* equal to one? What's the point of using the formula then?
Reply to
Tim
Thanks guys for all your advice. That's right, I was thinking of using them to offset my gains. Looks like I'll hold on to them for now, and sell some other loss-making shares instead (and there are many to choose from :).
TG
Reply to
tg

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