I sold property and invested into a limited company. Unfortunately, the limited company failed. Can the money invested be recovered in any way? When I sell something in the future at a gain, can capital gains tax (CGT) be offset? Can any deductions be made on my normal income tax returns? It would really help in deciding if I should put my current properties into new limited company, with the CGT offset for past loss. 

Arthur Weller replies: 

If the shares have become of negligible value, they can be treated as a capital loss, and offset against current or future capital gains; see HMRC’s Capital Gains manual here. Under certain circumstances, such a loss can instead be set against income; see HMRC’s Venture Capital Scheme manual here.