EIS CGT deferall relief and 8% CGT saving on deferred gain

EIS CGT deferall relief and 8% CGT saving on...

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A gain (chargeable at 28%) is deferred under the EIS deferall relief provisions.

Comes back into charge when the shares are sold (say after 3 years and when CGT rates are 20% as they are now).

8% CGT saving.

Simples. Or is there a hidden catch somewhere?

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By mail.taxperfect.co.uk
13th Apr 2016 09:33

So we all need to start reviewing our clients' files for the previous five, etc. years to see if there are any EIS investments upon which deferall claims were not made (for whatever reason), in order to defer to a future lower-tax period, with a big caveat to clients that CGT rates can go up as well as down?!?!

Thoughts?

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