Client received 274061 shares as gifts in or before 1985. The Company has since gone into liquidation and he has received proceeds at a value of 0.64p per share. He maintains because he has lost money on the shares there is nothing to declare. The Accountant dealing with the liquidation has told him that he has to declare this transaction. My interpretation is that is because he has realised assets over the current annual limit of (I think it is) £46K. however he has not actually realised this asset it has been forced on him, technical I know, but has some validation.
Any help please on this