Revenue news

The Revenue has accepted the following securities as having negligible value for the purposes of a claim under TCGA 1992 s 24(2) during November and December 2004.

Company Security Effective date

Era Group plc ords 1.3.01

L Gardner Group plc ords 1.3.03

Framlington Split Income Trust ord 10p and

zero pref 10p 6.4.04

Close FTSE 100 Trust plc capital and

income shares only 14.10.04

Gartmore Balanced Assets Trust all 13.10.04

Media Zeros plc all 14.10.04

Yorkshire Group plc all 10.12.04

Where the value of shares has become negligible an allowable loss may be established by the owner claiming that they are treated as being sold and reacquired either on the date of the claim or at a specified time within the two tax years prior to...