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EIS carry back rate

Investors in EIS companies receive, after 5.4.2011, tax relief at 30% of the amount invested, subject to conditions and limits, of course.
Is the tax relief 30% also in case of a carry-back to 2010/11?
Many thanks for looking into this.

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27th Mar 2012 08:40

EIS carry back rate

An EIS investment made in 2011/12 can be treated as having been made in 2010/11, in whole or in part.  But as the rate of relief for 2010/11 was 20%, it follows that tax relief on the investment carried back will be at a maximum of 20%.

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