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  • Clarification on including losses

    Hi there, We (me and my wife) made a Loan Note investment (UK company) couple of years ago on which we were due to receive principle and interest on maturity last year. This interest would have been treated as income and hence taxable under UK tax rules. Now unfortunately the company got dissolved during last year and we end up losing all our principle amount as well as did not got paid any interest payments on top. Our question is how do we show and adjust our losses (principle + interest) in self assessment and get rebate against income tax? Our understanding is that as the interest payments from the investment were to be treated as taxable income, any losses as part of this investment should also be adjusted against income tax. Would really appreciate your help in this regard - thanks.