vandenm

Hi I would like to make a negligible loss claim against an EIS investment I made in 2012. The company has made no profit in this time. I am a higher rate taxpayer on a PAYE with circa £20k at 40% rate Example Investment £100k Tax relief of £30k Net investment £70k Loss relief £28k (40% of the £70k net investment using marginal rate) Total loss £42k If I claim back through income tax over two years, do I use my marginal rate over the whole claim of £70k even though I would only have paid £40k at the higher rate over the two-year period? Is my understanding correct that I can make the whole claim at the marginal rate of 40%? Regards vandenm

Hi
I'm making a claim for a total loss relief and I'm a higher rate tax payer at 40% through income tax deduction over two accounting periods 2022/24 & 2023/24. The investment was made more than 10 years ago.
Is it a simple calculation of being able to claim back 40% of the net investment?
Example:
Invested £100k
Tax relief £30k
Net Investment £70k
Loss relief £28k (40% of the £70k net investment)
Total loss £42k
I want to understand if it is a simple calculation as above or a complex one which takes into account personal allowance, basic tax rate at 20% and higher rate at 40% resulting in a lower loss relief.
Regards vandenm

One last question (hopefully) I may have found the UIR but it is the same as a college that invested at the same time. The letter I have seen from HMRC says that it is authorises multiple certificates so would all the individual investors use the same UIR?

Hi HMRC Admin 25 The certificate was issued, I just don't have a copy or the UIR. My accountant at the time say they can't retrieve it from their outdated system from February 2012. With the certificate issued but without me having a copy or the UIR are you saying that I can still make a loss relief claim without either? Regards vandenm

Hi I want to make a loss claim from and investment I made in 2012 but my account has changed systems and they are no longer able to retrieve the EIS3 certificate. I have spoken to HMRC Self Assesment team and they say they can only retrieve records dating back 5 years. I have no record of the Unique Investment Reference (UIR) number so I am at a loss how to get a copy. The Self Assessment team have said although the EIS3 appease on my calculation for that period I will need the certificate/UIR. Any help or guidance on how to retrieve would be very much appreciated.