EIS relief on transferring shares to spouse

EIS relief on transferring shares to spouse

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I've a client who has invested in an EIS company. The shares have been issued in his sole name - the transaction is complete, all paid for.

He doesn't have enough income this year or last year in order to obtain maximum benefit from EIS relief, but his wife does.

If he transfers the shares into the name of his wife, can she then claim EIS relief at 30% of the investment on her SA return as if it were her who had subscribed to the original shares?

Any input welcome!

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By Montrose
30th Mar 2015 14:06

EIS no no

The short answer is 'no'. The fact that for CGT transfers between spouses are on a no gain/no loss basis has no significance for EIS purposes The only person who can claim relief is the investor

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