Deferred CGT

If a property were sold with £150k Capital nett Gain and CGT due of £44K, is it possible to invest in an EIS a sum amounting to 50% of the gain, and defer 50% of the tax due - or is deferral relief only available if the whole nett gain is invested in EIS.

Hi,

To obtain full Deferral Relief you must invest an amount at least equal to the chargeable gain. Please also see guidance at:

Capital Gains Tax and Enterprise Investment Scheme (Self Assessment helpsheet HS297)

Thank you.

Thank you, but I want to know if it is permissable to just reinvest 25% of the gain, and pay tax immediately on the remaining 75%. I cannot find an illistration to cover this anywhere

Hi Cantoris-1,
Please refer to further guidance at VCM23080 - EIS: deferral relief: shares issued on or after 6 April 1998: how deferral relief is allowed for more
information on the rules about claiming deferral relief.  
This states - 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.
Thank you.