How will lost investment cost me?

I invested £26,000 via a UK company in 2011 which was lost due to mismanagement. My solicitors recovered £19,200 this year but, as this recovers only part of my investment, is it liable for tax or social charges? J.G.

If there is no gain included in the amount recovered by your solicitors there is no fiscal liability. As you have recovered only part of the original investment this would confirm the position.

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