How and when to claim tax relief

When claiming EIS tax reliefs, certain time limits and processes need to be followed.

 Type
How to claim
When available
Claim time limit
Income tax relief

Amend PAYE tax code (if applicable) or claim through a personal tax return. EIS 3 or EIS 5 certificates required.*

Approved EIS portfolio: in the tax year the fund closes. Unapproved EIS portfolio: in the tax year the investment is made.

Five years from 31 January after the tax year in which the shares were issued.

Capital gains tax relief

No action needed.

When the shares are sold, provided they’ve been held for at least three years.

No time limit.

Loss relief

Claim through a personal tax return.

When the shares are either sold or deemed of nil value.

Income tax: One year from 31 January after the tax year in which the loss was made. CGT: Four years after the tax year in which the loss was made.

Capital gains deferral relief

Claim through a personal tax return. EIS 3 or EIS 5 certificates required.*

Approved EIS portfolio: in the tax year the investment is made.

Unapproved EIS portfolio: in the tax year of the investment.

Five years from 31 January after the tax year in which the shares were issued.

Inheritance tax relief

Claim through an inheritance tax form valuing the deceased’s estate.

Upon death.

Before probate proceedings are finalised.

* EIS 3 certificates are issued by each company in an unapproved EIS portfolio. EIS 5 certificates are provided by the EIS manager of an approved EIS portfolio.

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