EIS Loss Relief

EIS investment of £1,000 in April 2023, claimed 30% income tax relief in 22-23 Tax return. Investment has since gone into liquidation in Feb 2024. I have filled in the loss and loss against income as £1,000 with Negligible Value Claim (given worthless now). 1. Where do I fill in the EIS loss relief, to ensure I get a credit against my 23-24 income tax? It does not seem to appear on the calculation? 2. Do I fill in £700 (£1,000 less initial 30% EIS relief) x 45% (higher rate tax) = £315 as my EIS relief? Any guidance greatly appreciated. I have checked HMRC guidance and it is very unclear on EIS loss relief.

Hi,
In the supplementary page SA108, you declare the loss in the section for unlisted shares and securities and note the code 'NVC' in box 36.  
You can also elect what you want to do with the loss.  
When tailoring your online return you would tick yes to the section for unlisted shares and securities in the capital gains section.  
The 30% tax relief you recieved on your investment, will need to be withdrawn, as you did not hold the shares for the mandatory 3 year from date of issue.  
The relief is withdrawn through a special assessment under S235 ITA 2007 legislation.
Capital Gains Tax Summary (2024)
Capital Gains Summary notes
VCM15010 - EIS: income tax relief: withdrawal or reduction of EIS relief: overview.
Thank you.

Hi HMRC Admin, I have a similiar issue to the OP Held shares for less than 3 years in an EIS company, it was sold at roughly 30% of the issuing resulting in a 70% loss on my investment. How do I complete the online self assessment to claim the relief on this loss? I've turned on the "unlisted shares and securities" section and entered the profit and loss figures in the calculator but nothing from this feeds through to my final calculation. Thanks

Hi
You need to include the figure in the question, losses used against income, and as this is EIS loss, you also need to re-enter the figure at the amount relating to share 
loss relief in 2023 to 2024 to which Enterprise Investment Scheme or Seed Enterprise Investment Scheme relief is attributable.
Thank you.