Shares of negligible value
The Negligible Value list is a list of shares or securities formerly quoted on the London Stock Exchange, which have been officially declared of negligible value for the purposes of a claim under S24(2) Taxation of Chargeable Gains Act 1992 by the Shares and Assets Valuation Office.
The list shows the name of the company, the type of share or security and the tax year or a specific date at which the shares or securities may be accepted as being of negligible value. The list also shows when companies whose shares have been agreed to be of negligible value are struck off the Register of Companies and dissolved. Please note that negligible value can not be claimed after the company has been dissolved.
The negligible value list gives a tax year or a specific date at which Shares and Assets Valuation has accepted that the share or security if of negligible value. If a negligible value claim is received for a share or security which is on the list but for an earlier date than shown, then Shares and Assets Valuation will consider the claim at the earlier date.
If a share or security does not appear on the list, this does not necessarily mean that we will not accept the claim. It could be that a negligible value claim has not been previously considered.
All negligible value claims must be made to your Inspector of Taxes in the first instance. A claim can be made by making an entry on your tax return or by letter. Your claim will then be referred to the Shares and Assets Valuation Office if considered appropriate.
The Shares and Assets Valuation Helpline is also available.
However, if you have a question in relation to the tax treatment of negligible value claims please contact your local tax office or HMRC Enquiry Centre for help.
