Helen Taylor

In 2023 I subscribed to shares in an EIS eligible company, received the EIS certificate and claimed the EIS relief on the shares in my 2023/24 tax return. This company is now being acquired by another company, with the acquisition completed before I will have held the shares for the full 3 years. I understand I am going to lose the EIS tax relief, even though the disposal of the shares has been forced upon me. Investors will receive a cash settlement per share well below the price paid. My question is: if I have lost the EIS tax relief because the shares have not been held for three years, does this also mean that I cannot claim EIS loss relief on the disposal? I am assuming that EIS loss relief only applies to shares where EIS relief was given and not removed and I should include any loss regarding this transaction in my CGT calculation, but would appreciate HMRC's view as to what tax treatment applies in these circumstances. Thanks and regards

Thank you for the reply, I understand that and will use box 47 to show the net carried forward loss. One further question has just occurred to me - should I report the net loss of £1,306 in box 27? Or should I show the total gains of £4,652 in box 26, and the total loss of £5,958 in box 27? Thanks

In the tax year 2023/24 I made disposals of £50,900, so I need to fill in a CGT return. I just want to check I'm doing it right. The cost of acquisition of those investments disposed of was £52,239; so I have made a net loss of £1,306 on the disposals. There were 24 disposals and 13 of these were disposed of at a profit, total £4,652. The other 11 were disposed of at a loss, totalling £5,958. I have completed the 'number of disposals', 'disposal proceeds', 'allowable cost' and 'losses in the year' with the totals. Because of the number of disposals (and the fact that I acquired some shares in multiple tranches) I'm not using the worksheet calculator within the tax return but am attaching a document listing all the securities, the date of disposal, the type of security (e.g. ordinary 25p shares), number of shares disposed of, cost, and net gain / loss. My questions are: 1) Given I have a loss of £1,306, do I need to complete any further boxes to carry forward that loss to be able to offset it against future years capital gains, if necessary? 2) Is the level of detail I'm proposing to include in my attachment sufficient?

Hi, thanks for the reply. I know how to reopen and resubmit my tax return; my question was whether I should under the circumstances, and your reply doesn't make that clear. I'm assuming I should, unless you advise otherwise.

I have a three year 'green bond' with National Savings & Investments. This is due to mature in 2024/25. NS&I says that interest credited to these bonds should only be reported to HMRC in the year in which the bond matures - so, three year's worth of interest gets reported in the year of maturity. However NS&I do credit interest to the value of the bond on an annual basis. I received a letter recently which says that NS&I incorrectly reported interest on some green savings bonds, including mine, in the tax year 2022/23, and advised that affected customers should contact HMRC. I have already submitted my tax return for the year 2022/23. My total income puts me in the 40% tax bracket and my interest received in this tax year exceeds the personal savings allowance. So any extra interest reported to HMRC would, in my case, be taxable. So my question is, should I re-open and resubmit my tax return for 2022/23, to add in the interest reported by NS&I? I had not already included it in my tax return for that year, believing all interest for this account would be reported in the tax year 2024/25.