Some advice please.
i have a query with client who has a shares values loss and now at neglible value.
i assumed just treated as CGT loss 20% of value. However client believes whole value can be offset against income.
i can see grounds for this on the gov.co.uk site but appears unclear to me when does and doesn’t apply ?
These links from HMRC should help you:
I believe that losses can only be offset against capital gains, not other types of income.