Client owns £30,000 of share. No, that's what he paid for them.
Not sure if he subscribed for them or acquired them. If obtained via a stockbroker, surely that means he bought?
Has anyone heard of this Australian company? Done a CG claim? Their website indicates they're still trading albeit worthless, which is not a neg value claim anyway.......
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Crystallise the loss
by selling to a friend-not a connected person. Claim the loss.Your client will have to do a bit of research to prove that the shares were acquired at then market value.
but they are still listed
transactions do take place in hundreds of thousand shares at a time. The latest report[ 30th.September 2015] to shareholders stated that the company was "actively seeking....assets investments and businesses...."
I would agree that in practice the shares are of negligible value, but a sale would avoid arguments with HMRC.