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Posted Tue, 17 Dec 2024 18:57:56 GMT by maxb
You can't claim loss relief on the portion of the purchase price for which you received income tax relief (30% under current rules). But, you can claim loss relief on the remaining loss after taking off the amount already relieved, if the loss was greater - i.e. if the amount lost was more than 30% of the purchase price. Source: "If you claimed EIS Income Tax relief when you subscribed for the shares, the amount of Income Tax relief must be deducted from your loss." in https://www.gov.uk/government/publications/negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-hs286-self-assessment-he/hs286-negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-2024
Posted Mon, 23 Dec 2024 13:24:09 GMT by Niggly
HI, i originally claimed tax relief on 3 EIS investments in one year. I did not have enough tax due to cover all the claims and simply got the maximum permissible. Now two of them have been dissolved - one in 23/24 and one will be in 24/25. What figure should I use to determine how much relief I have already received. The maximum for the first investment and then whatever is left for the second one?
Posted Tue, 18 Feb 2025 15:03:15 GMT by Nancydolos
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