Nidge_investor
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CGT allowable legal expenses
Thousands of investors who joined class legal action to gain compensation when the LF equity/Woodford fund was suspended have now had some taxable compensation payments made (as CGT partial distributions). A significant percentage of this compensation was taken to pay the legal expenses. Can these expenses be offset to reduce the tax payable (ie increase any claimable loss)? -
market valuation for CGT of Woodford funds
Are there agreed market valuation(s) for use when calculating CGT (losses) of partial distributions of the suspended Woodford funds to account for both the returned assets and expected compensation payments relating to fund mismanagement?