Boiler Room Scams

Hi all - Client was conned over a number of years to part with thousands to buy duff shares.

Foreign police force now involved confirms thay are scams but just wanted to double check.  Presumably if these turn out not to be shares in valid companies then it's just theft, with no tax claim, but how about if the shares did relate to corporations, that maybe turned out to be shells would the losses qualify for CGT relief?

Thanks for any help

Comments
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Losses arise

Steve Knowles |
Steve Knowles's picture

Harsh!

Constantly Confused |
Constantly Confused's picture

but if the shares did not exist in the first place

taxhound |
taxhound's picture

"Duff shares"

Hansa |
Hansa's picture

Disposal

mydoghasfleas |
mydoghasfleas's picture

crying shame

lh3f9764bg1g |

Thanks All

Paul Scholes |
Paul Scholes's picture