L Tang
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Share Consolidation
I purchased some shares in 2013 in a small company - £250 for 500 shares. The company recently had a share consolidation at a rate of 200 old shares for 1 new share. I was issued a new share certificate for 2 shares and the balance of 100 old shares were cancelled with no recompense as they fell short of the threshold for new share. Do I pro rata the loss of those 100 shares on my tax return? So a loss of £50 ((£250/500)*100)? Thanks in advance -
Repair Costs Against Rental Income
Can I offset roof repair to rental property costs against rental income? Using the following example with easy numbers and all things being equal such as Personal Allowance and basic rate tax payer: Annual Rental Income = £10,000 Roof Repairs = £4,000 Net Rental Income = £6,000 Self Assessment Income Tax = £6,000 * 20% = £1,200 Is this correct? Thanks in advance