I have a client who ran a company for a year, buying and selling hot tubs, and it didn't work out. He incurred a loss of £10k, which was all on his loan account (so he was the sole creditor). The company has since been dissolved.
Whilst he was doing this, he also had a fairly well paid job.
However, I was wondering about the possibility of offsetting the loss on disposal of (certain) shares acquired by subscription against general income.
Is this something that I could do in this scenario? If so, what is the format?
I've not come across this situation before, so any comments/suggestions would be gratefully received.
Graham.