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Negligible value

I client I have taken on in the last year has advised me has has / had over the last 15 years invested some  £50k (or more??) in shares of his former employer Nortel. Who are still in administration/nearly gone....!

I have never done a negligble value claim before and was wondering on two counts if a) anyone knew if we could succesfully claim for Nortel, and b) advise if a CG34 to HMRC now is the best way to go.

As far as I can see Nortel are still in existence but only to tidy up its affairs so value is nil.

Any help would be greatly appreciated.

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04th Feb 2013 09:53

Start with HMRC website

list Nortel not on it!

And a helpsheet

 

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