Loss cannot be recognised without change in asset composition
Technical details
Summary
The consultant asks whether a capital loss can be recognised on shares acquired in 2006 that do not trade or have been sold. The DGT replies that such a loss cannot be recognised unless there is a change in the composition of assets.
In 4 key points
How it affects those involved
A capital loss on non-traded shares cannot be recognised unless there is a change in asset composition.