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EIS Loss Relief

Is the loss relief against income available even for connected individuals?

Out of the four EIS specific reliefs, the Income Tax Relief and Capital Gains Exemption (subject to meeting the conditions) are only available if you are not connected with the company.

Capital Gains Deferral is available even if you are connected with the company.

But I can't seem to find anywhere to confirm whether Loss Relief on the shares against income is only unavailable to unconnected individuals or also includes connected individuals? Does anyone know?

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By kaff
14th Mar 2018 23:03

Loss relief on a disposal is available if the seller had EIS income tax relief on acquisition. If that wasn’t the case, then the disposal may still qualify for loss relief under the general (non-EIS) conditions.

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