CGT deferral relief and EIS

In a scenario of : A BTL property was sold realising a £62k gain, (£56k after the £6k allowance reduction) and giving a CGT bill of £15,680 (@28% as a HRTP). I invested £20k in an EIS in the qualifying period and so could defer 35.7% or £5600 of the gain (as £20k/£56k is 37.5% and 37.5% of £15,680 is £5,600) . So I pay CGT of £10,080 (£15,680 - £5,600) within the 60 days post property sale and defer £5,600 until the EIS shares are sold or I die 4 questions – 1. have I worked this out correctly ? 2. Regarding the £5,600 CGT deferred - can I reduce it down in the following tax year by utilising the £3000 annual CGT allowance even if I don’t sell the EIS shares or buy further EIS shares and then reduce down the balance using the allowance in future years in the same fashion until it’s wiped out, or is that not possible ? 3. If the EIS shares were sold in let’s say the second year, could I use that year’s CGT allowance to reduce the amount to pay so £5,600 less £3,000 = £1,400 left to pay? 4. If I already paid the whole £15,680 within the 60 days of the property sale and the following tax year the CGT rate looked more favourable, could I get a GCT refund and defer in hindsight if I haven’t sold the EIS shares? First time of doing EIS and CGT, so new to all this. I’d appreciate not to be referred to the guidance ‘the investor can specify an amount of relief in his claim as long as this does not exceed the amount of: his unused qualifying expenditure on eligible shares, and that part of the original gain which is unmatched’ as this is a bit difficult to follow and the worked example doesn’t seem help answer my questions above. Many thanks

I've tried calling HMRC also to get answers - 3 times with no success unfortunately, 1st time 20 mins no answer, 2nd time 1 hour got through said she couldn't answer and an expert person would call back. 3rd time, 1 hour 9 mins got through asked to be transferred to expert and she said yes then put the phone down. Deadline to pay is 7th May, really appreciate any help. Thanks

Hi,

Unfortunately, this forum is for guidance only and for specific advice you will need to contact our Self Assessment team.

Self Assessment: general enquiries

Thank you.

Hi Minky1,
This forum is for guidance only and it is links that we would send. 
We cannot comment on scenarios whether hypothetical or not, for specific advise you will need to contact us direct on 0300 200 3310.
Thank you.