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Posted Wed, 04 Dec 2024 19:56:21 GMT by fengh
I hold shares in a US company that has gone bankrupt, and the stock has become a CUSIP, making it non-tradable. As a result, I have incurred a loss of hundreds of US dollars. I requested my broker to dispose of the shares, but they informed me that they cannot provide a written confirmation of the disposal. They advised that I would need to self-report this loss in my tax return to claim a capital loss. Could you please confirm if this approach is acceptable?
Posted Mon, 09 Dec 2024 11:19:51 GMT by HMRC Admin 17 Response

Hi ,
 
Please have a look at the guidance on negligible value claims at :

Negligible value claims and agreements  . 

You claim NV either by writing to HMRC or by entering neglibile value on your tax return . 

Supporting evidence is required .

Thank you .
Posted Mon, 09 Dec 2024 18:03:03 GMT by fengh
Thank you for your response. The referenced page is about stocks listed on the London Stock Exchange. In my case, the stock used to be listed on the New York Stock Exchange and was delisted early this year. Could you please let me knwo what supporting evidence is needed in this case to claim capital loss in my tax return? Alternatively, could you provide an email address or phone number for me to contact?
Posted Mon, 16 Dec 2024 13:18:39 GMT by HMRC Admin 10 Response
Hi
You would probably show your acquisition cost of the shares, the cost of acquiring them.Details of the bankruptsy that make the shares worthless, so that you can work out how much was lost and how much is claimed as a loss in your tax return.

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