Ann: Notice of Sale of Forfeited Shares, page-10

hi linkman

i am not an accountant 

but

my understanding is that you can only claim a tax loss if the shares are sold

however if the company goes into receivership then you have to wait till the receiver completes winding the company up and pays out money or a portion of the money owed then if there is any left over(which is highly unlikely)

will be distributed to share holders that could take years and only when that is done can you claim a loss or a capital loss

there are a few accountants on this site that may be able to give more info.

this is not tax or financial advice 

it is only info i have picked up from the pub

dyor

cheers nb1