Client made EIS investment of £20K in November 2017.(Tax relief was not his main focus, but I obviously want to maximise his reliefs.)
He has various managed share portfolios on which there are usually annual gains and losses across a number of disposals.
He did not make sufficient capital gains (after in-year losses) within the following 12 months to utilise most of the CGT Deferral Relief.
Say Gains of £35K, losses £22K Annual Exemption £11.7K - only £1.3K of Deferral Relief can be used.
I know that normally, losses on share disposals must be set against gains of the same year, before applying the Annual Exemption.
My question is; can I allocate EIS Deferral Relief to the capital gains on the specific shares sold at a gain within 12 months of the EIS investment, (thus leaving only £1K of gain), so that the bulk of the in-year losses are available to carry forward to the following year (because I cannot carry forward the EIS Relief).
I am reading some articles that seem to imply this is allowed, but can't find anything definitive, and EIS doesn't crop up that often for me.
Thanks in anticipation of any advice you can offer.