Capital Loss

Hi, I’m immigrated from Hong Kong to UK in mid-Jun 2023 and I’m now consolidating documents for self assessment. I’ve sold stock with capital loss via Securities Company in Hong Kong Stock Market on 19 Jun 2023 (after my moving to UK). I aware that I can claim for the capital loss to offset other capital that I’ve gained. Unfortunately that I haven’t kept the official statement for my stock purchase in Mar 2017 but only kept my manual record with exact amount that I’ve invested. However, I’ve kept the monthly statements starting from Feb 2018 with the exact no. of shares and the current price. I tried to contact the Securities Company to collect the purchase record but got the reply that she can only retrieve record within 7 years (my request is for 8 years ago). Can I use the Securities Company’s reply also my statement in Feb 2018 as supporting for my stock purchase record? Of course I’ve kept the statement when I sold the stock on 19 Jun 2023. Thanks.

Hi,

In the absence of actual figures, you would have to use a just and reasonable value, to work out the amount of any capital gain or loss.

Thank you.

Hi, Thanks for the reply. One follow up question I would like to seek your advice regarding the capital loss reporting for my stock purchased in Mar 2017. My situation is that: (1) I’ve already lost the stock purchased record in Mar 2017. I’ve tried my best to contact the Securities Company to collect the purchase record but got the reply that she can only retrieve record within 7 years (my request is for 8 years ago). I’ve kept e-mail from the Securities Company for her reply as supporting. (2) I’ve only kept my manual record with exact shares and amount that I’ve invested in Mar 2017, and also the closing price that I captured from Hong Kong Exchanged and Clearing Limited (HKEX) website. (3) I’ve kept the monthly statement starting from Feb 2018 indicated the exact no. of shares I’ve purchased the stock before and also closing price at that month. For my specific case, can I use the record in Mar 2017 to report as my purchase record, or use the closing stock price marked in my monthly statement in Feb 2018, or what other alternative? Of course, I’ve kept the selling record that I executed in Jun 2023. Thanks.

Hi,

Yes you can use the March 2017 information as your purchase price.

Thank you.