Hi,
I'm sure this is the stupidest question you've heard in a long time, but help me out anyway. I have a number of shares, none of which have ever paid me any dividends, and are unlikely to for a very long time. Nor have I sold any of them or realized any profit (and technically, of course, no loss) of any kind. The shares have plummetted and I'm just sitting on them hoping for a return in the dim and distant. In short, I haven't made a penny on them. Now, I realize I'm not liable for any tax on them, obviously, but with the end of October approaching, can anybody tell me if I am required to make any kind of declaration to the Revenue that I actually have them, even though I've realized nothing on them, or am I required to do nothing at all until they either return a dividend or I sell them?
I'm sure this is the stupidest question you've heard in a long time, but help me out anyway. I have a number of shares, none of which have ever paid me any dividends, and are unlikely to for a very long time. Nor have I sold any of them or realized any profit (and technically, of course, no loss) of any kind. The shares have plummetted and I'm just sitting on them hoping for a return in the dim and distant. In short, I haven't made a penny on them. Now, I realize I'm not liable for any tax on them, obviously, but with the end of October approaching, can anybody tell me if I am required to make any kind of declaration to the Revenue that I actually have them, even though I've realized nothing on them, or am I required to do nothing at all until they either return a dividend or I sell them?
