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Are HMV Shares now recognised as being of no realisable value;

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Are HMV Shares now recognised as being of no realisable value; if so please say what is the appropriate reference to claim as a Capital Gains Tax Loss.
Hello, I'm Keith and happy to help you with your question.

Here is the advice [edited] from Robert Leach, Tax Accountant:

'Shares in HMV Media Group plc were added to the list of “securities of negligible value” with effect from June 2013.

Where a share becomes of negligible value, the holder may treat that as if it were a disposal. This has the effect of crystallising loss relief which may be claimed for the current tax year or the two previous tax years, or may be carried forward indefinitely.

A full list of securities of negligible value can be found at'

You merely put them through your annual self assessment tax return as a capital loss. Just keep a record of all gains and losses in the unlikely event of an enquiry by HMRC at some future date.

I do hope I have helped you with your question.

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