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Delisted shares - what to do?

Quetzo

By Quetzo,
in Shares and ETFs

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Quetzo

Quetzo

Posted
Posted

Hi,

I bought into HMNY on the NASDAQ and they filed for bankruptcy last year. Currently, I'm still holding the position on IG and since I'm no longer active, IG keeps charging me inactivity fees. This is quite frustrating, and was wondering if there is anyway to unwind my position and take the losses?

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HeOfMuchDisgrunt Frequent Contributor

HeOfMuchDisgrunt

Posted
Posted

Is it a spread bet or a CFD? If the latter you will need to make a "negligible value claim" to HMRC for CGT purposes to crystallise the loss in the appropriate year to off-set or carry forward against current/future gains..

No idea how you get IG to wind up the position. as possibly the shares could trade again cos Americans are weird like that with bankrupt companies. Isn't it "closing only" so you can get a token USc 2.5 by selling?

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