.png)
.png)
18 January 2010
RCB 01/10
HMRC have published Revenue & Customs Brief 01/10 to discuss the tax treatment available to the members of Dairy Farmers of Britain in respect of their shares and debt in the company.
A summary of the current position is that where members make a claim to negligible value or when they dispose of the shares or debt they held in the company, the only capital losses that, according to HMRC, appear to be available are those on the £5 ordinary shares, the ‘B’ shares and on ‘A’ ordinary shares received in exchange for preference shares.
