Mikes100,The CGT liability was a surprise but like you I had...

Mikes100,
The CGT liability was a surprise but like you I had ample losses to soak it up.
When I eventually sell the IWI units or it is wound up I expect to be able to claim a CGT loss for the difference between the proceeds and my cost base.
I agree it is a matter of credibilty, particularly of Jim Caddy, but I can't see how it is in his interests not to pay out the surplus cash. He might score a couple of junkets to London but I can't imagine he would compromise himself with related party transactions with Wahid or others.
I think Rancho probably voted for it as he saw the alternative as a fire sale of the remaining assets and wind up. I am not sure that would have been worse than the current situation at least the cash would have been distributed.
Bacci