Capital loss claim | AccountingWEB

Capital loss claim

Losses pre SA have not been claimed.

They date back to the 80s and early to mid 90s and comprise shares which became of negligible value and a payment under a guarantee..

Normally pre SA losses did not need to be notified, but I believe that the legislation at the time required a claim under the provisions for the above.

So does this mean that upon a claim now being made, these losses are subject to the 4 year time limit applicable from 1 April 2010 and are therefore timed out?

If so, is it worth trying a claim for special relief under TMA 1970 ( formerly the concessionary equitable relief )?




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dropoutguy |