CTREckley
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Director Loan and share losses
In Tax year 23/24, I was a Director of a holding company with a circa. 25% shareholding. I had loaned the company money and had bought shares in cash over the years. The main operating business 100% owned by the holding company went into administration when it was acquired via an asset purchase (the shares of the holding company were not bought). The holding company was subsequently put into voluntary creditors liquidation. As a result, I lost my loan and of course the value of the shares. I don't have any Capital Gains in 2023/24. My question is can I offset these losses against my payable income tax? If not, is it worthwhile logging these losses for future benefit? If so, how long would that benefit last for?