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Posted Thu, 04 May 2023 09:03:55 GMT by monkeydust
HI, One of my portfolio companies went into administration in January. I made 4 rounds of investment with the company. The termination date on the EIS certificate for the very last round of investment I made is July 31st 2023. Am I able to claim loss relief on all four rounds now or do I have to wait till after July 31st 2023? Txs MD
Posted Mon, 08 May 2023 16:39:31 GMT by monkeydust
Any guidance?
Posted Wed, 10 May 2023 14:13:23 GMT by HMRC Admin 5

There is no requirement to wait for the termination date to pass before making a negligible value claim or claiming the resulting loss.

For a loss arising before or after the termination date, the cost of the shares should be reduced by the amount of any Income Tax relief given and not withdrawn.

You can find example loss calculations in HS297 Capital Gains Tax and EIS and HS286 Negligible Value Claims and Income Tax losses.

Thank you.

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