CG13132 - Assets lost/destroyed/negligible value: shares: practical considerations

It may be worth looking at the case in some detail if the taxpayer has subscribed for further shares shortly before the date on which the shares are claimed to have become of negligible value.

You should remember that if the transaction is not a bargain made at arm's length, then either

• TCGA92/S17, see CG14540+

or

• TCGA92/S128(2), see CG51820,

or

• TCGA92/S251(3), see CG53510+

may apply to restrict the acquisition cost of the new shares.