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KEVIN SLEVIN examines the future of share-for-QCB exchanges and the new rules for EIS relief
KEY POINTS
- The effect of EIS claims made after 22 June 2010.
- Share for QCB exchanges made on or after 23 June 2010.
- Share for share exchanges and TCGA 1992 s 127.
- The effect making and disapplying the various elections.
My previous article Expect the unexpected looked at the interaction between entrepreneurs’ relief enterprise investment scheme (EIS) deferral relief and share-for-qualifying corporate bond (QCB) exchanges where the original gain arose prior to 23 June 2010.
This article looks at what happens when the gain arises after that date.
First however I need to correct a mistake which crept into the previous article. In the example Charles II the rate of tax is given as 10%. The rate should in fact have been 15.55% and the text should also...
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