Graphene Nano Share Discussion Threads

[simon666] 31/5/2023 21:59

COINCALL. Regarding your comment of 12 April '22. I've been told by HMRC that as the shares did not exist after the company was dissolved, it means one cannot make a 'negligible value claim' after the dissolution.

Yes, one is automatically treated as having made a disposal of the shares at dissolution. Consequently HMRC referred me to Manual HS286 'checking the valuation of an asset'. It says that a capital loss may result and...'You will need to make a calculation of that loss and send the calculation to us for the capital loss to be an allowable loss'. Annoyingly it does not explain where in my return I place this allowable loss. Even more annoyingly when I phoned them (they took 85 minutes to answer the phone) the helpline person knew less about the subject than I did! I've put it in the most logical box for 2022-23 in the hope they simply accept it. It is of concern that the rules are so complex that not even the cgt helpline could give a difinitive answer.

[obbig60] 13/4/2022 12:18

Thanks for that coincall.

[coincall] 13/4/2022 10:50

Sorry about that! It was the link to the 05 Oct 2021 Final Gazette dissolved via compulsory strike-off on Companies House site

[obbig60] 13/4/2022 08:26

Coincall - I think the link you provided might also be of interest to me but unfortunately I can't open it - I just get an access denied message. Can you repost the link in a shorter form or let me know where to find this information?

[coincall] 12/4/2022 10:13

simon,

HMRC have confirmed you have now been deemed to have disposed of your shares because they have been dissolved (see link below). This means you can NOW claim the loss of your shares against gains or carry the loss forward to future tax years

The dissolution date is the 05/10/2021 so now the share has negligible value (it was previously suspended - 07 Sep 2019 Compulsory strike-off action has been suspended) you can claim your loss for the tax year 6th April 2021 to 5th April 2022.

[simon666] 11/4/2022 19:35

I'm confused. I can't donate these shares to charity (on the basis of a negligible value)because in mid-October my broker told me that the company had been dissolved and that the shares were now deemed worthless.
HMRC say that as I owned them at the time the company was dissolved, I am already automatically deemed to have made a disposal of the shares on the dissolution day.
I am therefore unable to claim tax relief on the 'claim negligible value'.
Surely I can now claim a complete loss somewhere on the tax form?

[victim12] 17/10/2021 09:25

At least I can get CGT relief now

[rogash] 17/10/2021 08:41

Interactive Investor allow you to donate to charity in case of any proceeds, it then gets it off your books and you can claim tax relief.

[simon666] 16/10/2021 19:21

Interactive Investor notification telling me my shares are 'worthless'.
Am I able to offset this against anything tax wise?

[kenone] 08/11/2019 08:24

According to my A J Bell notifications, an objection to the 'striking off under section 1000 of The Companies Act 2006 ' has been received by Companies House.
Not sure what this means ? Surely not a glimmer of hope is there ?

[rogash] 07/11/2019 07:30

According to my broker you can gift aid them to charity and claim tax that way.Thats if you think they are worthless, which i am damn sure they are.

[cobbo1] 06/11/2019 17:19

Have these gone under yet so we can claim the loss on taxes ??

[victim12] 17/9/2019 09:00

I want to claim tax relief on the liquidation - I wish they'd just do the decent thing and jump

[roddyb] 27/8/2019 08:04

[Remember kids - if a company has Graphene in its name - steer clear]

[roddyb] 27/8/2019 08:03

What has happened to Leedskier these days? His ramping of this “dog of a share” and his denial of the three downhill share chart used to cheer me up. He reminded me of the Iraqi foreign minister on CNN telling viewers that the Americans had not taken the outskirts of Baghdad when the tanks rolled into shot behind him.

[rogash] 24/8/2019 07:45

Anybody know how long they can legally be suspended?

[mdvorkin] 11/6/2019 19:47

Termination of appointment of Waterstone Company Secretaries Ltd as a secretary on 11 June 2019

[victim12] 11/6/2019 09:14

It would be nice to at least have closure to be able to claim the tax relief on the loss

[rogash] 11/6/2019 06:18

most probably worthless. Anybody any idea when we are going to be put out of our misery?It is taking a ridiculous amount of time.3 years this december.

[obbig60] 22/5/2019 06:38

I'm assuming that my shares in grph are worthless. Am I wrong?

[anderson3] 21/5/2019 23:22

Helllllooooooooooo

[kenone] 22/3/2019 16:37

Yes - cancelled AGAIN. Does that mean the company is still trading ? Just what , if anything, is going on here ?

[statistical] 17/3/2019 15:31

No news. At least the compulsory strike off has been cancelled.