Of course..I don't see why not. I'm going to anyway. We bought the shares for X and disposal price was $0.
An acquisition and disposal of shares is a CGT event I believe. You may like to speak to an accountant to confirm...there might possibly be a way of attributing the 98% of your holding to the 2% remaining but I don't think this would be correct as there hasn't been a consolidation in this case.
I'm going to write the bastard off.
Ann: Langer Heinrich Shareholders Agreement COUH Option Risk, page-9
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