Resources List
UNDER EIS Tax Relief
How and when to claim tax relief
When claiming EIS tax reliefs, certain time limits and processes need to be followed.
Type | How to claim | When available | Claim time limit |
|---|---|---|---|
Income tax
relief | Amend PAYE tax code (if applicable) or claim through a personal tax return. EIS 3 or EIS 5 certificates required.* | Approved EIS portfolio: in the tax year the fund closes. Unapproved EIS portfolio: in the tax year the investment is made. | Five years from 31 January after the tax year in which the shares were issued. |
Capital gains
tax relief | No action needed. | When the shares are sold, provided they’ve been held for at least three years. | No time limit. |
Loss relief | Claim through a personal tax return. | When the shares are either sold or deemed of nil value. | Income tax: One year from 31 January after the tax year in which the loss was made. CGT: Four years after the tax year in which the loss was made. |
Capital gains
deferral relief | Claim through a personal tax return. EIS 3 or EIS 5 certificates required.* | Approved EIS portfolio: in the tax year the investment is made. Unapproved EIS portfolio: in the tax year of the investment. | Five years from 31 January after the tax year in which the shares were issued. |
Inheritance
tax relief | Claim through an inheritance tax form valuing the deceased’s estate. | Upon death. | Before probate proceedings are finalised. |
* EIS 3 certificates are issued by each company in an unapproved EIS portfolio. EIS 5 certificates are provided by the EIS manager of an approved EIS portfolio.