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Home / Simons-Taxes /Personal and employment tax /Part E5 Special classes of individual /Division E5.6 Lloyd's underwriters /Capital gains and losses / E5.636 Losses on investment in small successor companies
Commentary

E5.636 Losses on investment in small successor companies

Personal and employment tax

Income tax relief is not available for a loss on shares in small Lloyd's successor companies, where the shares are disposed of by the original subscriber (as outlined at E5.628).

Relief for such losses may therefore be available for capital gains tax. This

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