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SVM107150 - Capital Gains Procedures: Negligible value
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
Introduction
Under Section 24(2) TCGA 1992 a customer may make a claim to be treated as though they had sold an asset and immediately reacquired it for an amount equal to the value specified in the claim. On receipt of a claim, the instructing office may ask SAV for an opinion of value:
a. At the date of the claim
b. On acquisition.
c. At 31 March 1982.
The technical instructions on negligible value claims can be found in the CG manual at CG13120P.  Relief against income may be   claimed for capital losses on certain disposals of the shares in unquoted trading companies (known as share loss relief).  The guidance on share loss relief is provided in the Venture Capital Manual at VCM70000. Helpful guidance is provided for customers in Help Sheet HS286 ‘Negligibl ....

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