If it was a dog, I'd have put it out of it's misery two years ago. Seems it just won't die!
I spoke to Clare today of Pitch Partners the receivers and managers of PLV, I was hoping to find a way to write the capital loss of this financial year. Unfortunately, Clare said the first stage of re-capitalisation is scheduled for this week and the second I think she said was due for July. She was adamant it would trade again in the 2nd half of this year.
Therefore, I cannot get PWC to write a declaration that the company is worthless and cannot use CG Tax event 3G to write it off.
Can anyone suggest another avenue to pursue to realise the capital loss FY16?
Thanks
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