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Posted Fri, 25 Aug 2023 05:15:54 GMT by
Hi, are there situations where a section 104 can have negative value, and if so what to do in this situation? Is there an example somewhere which can demonstrate this? Many thanks.
Posted Thu, 31 Aug 2023 06:37:21 GMT by HMRC Admin 25 Response
Hi Paul Haynes,
If the disposal of shares under S104, incurs a loss, you would either declare the loss in writing to HMRC, along with supporting cacluations / evidence in cases where a tax return is not required or show the loss in your Self Assessment Tax return and include supporting calulations / evidence.
In some instances there may be a negligible value arising.
Have a look at helpsheet HS283 for guidance:
Negligible value claims and Income Tax losses on disposal of shares (Self Assessment helpsheet HS286)
Thank you. 
 

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