Post by bigfoot12 on Nov 23, 2018 10:27:05 GMT
I'm probably going to have to get proper advice, but if anyone can point me to something on HMRC's website first it would be helpful.
One of my investments that has failed was a loan note secured on the IP of the company, now in administration. Unusually, for me, this IP was sold by the administrator for more than the administration fee and I have received some shares in the acquiring (unlisted) company. I also own other (EIS) shares which are now worthless, save the tax credit.
My instinct is that for CGT for the loan note I need do nothing in the same way I wouldn't have to with an all share takeover. The loan notes were not Qualifying Corporate Bonds.
Any links or experiences most welcome.
One of my investments that has failed was a loan note secured on the IP of the company, now in administration. Unusually, for me, this IP was sold by the administrator for more than the administration fee and I have received some shares in the acquiring (unlisted) company. I also own other (EIS) shares which are now worthless, save the tax credit.
My instinct is that for CGT for the loan note I need do nothing in the same way I wouldn't have to with an all share takeover. The loan notes were not Qualifying Corporate Bonds.
Any links or experiences most welcome.