ConfusedTaxpayer27

@maxb You say "if you can afford to wait for the loss relief until the liquidation finishes", but what if we can't? It seems we can claim the losses the year before, as long as it's clearly reported in box 3 "Relief now for 2024-25 trade losses or certain capital losses" and box 5 "Tax year for which you’re claiming relief in box 3, for example, 2022–23 YYYY YY" of the SA101 form page Ai3. You seem to be a former HMRC inspector with good knowledge of how it works, but could someone from the official HMRC Admin actually confirm if it's allowed or not please? I'd like to send my return as soon as possible.

But is it ok to do it even if the companies are dissolved at the time of filling my 2024-25 return, which most will be by 6 April 2025? The (tricky) rule is that you must still own the shares at the time of filling your return, which is not considered to be the case once the company is dissolved.

@maxb Thanks for your explanation, I understand what Admin 20 meant now, your point 3 seems the right way to view the response. I wasn't asking about EIS relief on subscriptions, which are quite simple compared to losses. As for my question about claiming for 2023-24 for losses arising in 2024-25, this is because the companies are very likely to be dissolved when the time comes to fill my 24-25 form, so I'll let an official HMRC Admin respond about how to do it properly...

Thanks @maxb for your help and sorry for the delay, I was on holiday. @HMRC Admin 20 I think you are talking about box 54 of SA108 CG4 'Any Other Information' or box 19 of SA100 page TR7. Box 2 on page Ai2 of SA101 is 'Subscription for EIS shares' on this year form. As my losses relate to companies going into administration in the 2024-25 tax year, should I also be filling box 3, 4 and 5 of the 'Other Information' part of page Ai3 of SA101 on the 2024 form with the same losses amount as the one put in boxes 35, 37, 41 and 42 of SA108 page CG2?

Ok, then can you tell me if I can enter my EIS related capital losses net of the EIS relief in box 41 please? Thanks

Hi, I also need explicit guidance on what amount to input in Box 41: should it be the same amount as box 35 Losses in the year if these consist only of losses from EIS companies going into insolvency (net of EIS relief, unlike box 33), or my marginal tax rate applied to these losses in box 35? I wonder if the system will not apply my marginal tax rate to this box itself for the final computation as the tax overpaid amount at the end seems a bit low if I already apply my marginal tax rate to the losses amount in box 41. Please don't send me to HS286 How and when to claim the relief, I already read it and it's not explicit enough. Thank you