capital gains. Can I claim tax back on the Bradford & Bingley Shares lost by the take over.
If so how?
Country/State/Province of question: uk
Thanks for your question.
There is scheme whereby you claim back losses through negliable value - but this refers to companies.
The loss you have made will be a normal loss made through the sale of shares - which you can claim back through your tax return - please note that losses through shares (capital losses) can only be set of against capital gains.
If you havent yet sold these shares - and they still have a value - then you will have to wait should any sale take place.
26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax
The government tookover the bank and as I understand I have no shares to sell.
Then you may be able to get some compensation - I have added a link here regarding the Bradford and Bingley takeover which is the Independant Valuer who is overseeing the Bradford and Bingley position.
This also provides his contact details
Link here read through all the frequently asked questions part of the site first - as this will hopefully give you more information before emailing or contacting the valuer.