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capital gains. Can I claim tax back on the Bradford & Bingley

Answered by:SamTax
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Customer Question

capital gains. Can I claim tax back on the Bradford & Bingley Shares lost by the take over.
If so how?

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Country/State/Province of question: uk

Submitted: 1377 days and 15 hours ago.

Category: UK Tax

Value: $15

Status: CLOSED

Accepted Answer

Expert: SamTax replied1377 days and 15 hours ago.

HiCustomer/p>

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.

Thanks

Sam

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Expert Type	Accountant
Category:	UK Tax
Pos. Feedback:	99.5 %
Accepts:	6066
Answered:	9/11/2009

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Customer replied1377 days and 15 hours ago.

The government tookover the bank and as I understand I have no shares to sell.

Expert: SamTax replied1376 days and 3 hours ago.

HICustomer/p>

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.

Good luck

Thanks

Sam

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