APeng1
Joined: 12/10/2024
-
CGT on US SAFE Agreement funds that appear to be lost
Hello - I am a UK tax payer. Between 2017 and 2018 made 5 different contributions to a US-based tech company using the Y-Combinator SAFE agreement - no SEIS/EIS applied, and this is NOT crypto. This company is now "sleeping" according to the founder/only employee. However it appears the funds are all spent and this company is no longer a viable entity (for example, the only employee is now the CEO/CTO of another firm). What evidence do I need to provide to HMRC to show this is a complete capital loss on the speculative investments made?