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09 February 2016
The interaction of entrepreneurs’ relief and enterprise investment scheme shares.
My client has sold some shares realising a gain of £50 000 that would qualify for entrepreneurs’ relief. He has also made capital losses of £80 000 during the year and invested in enterprise investment scheme (EIS) shares of £60 000. I should be grateful for readers thoughts on the following questions.
- He also has gains in other years that could be deferred using the EIS shares but can he defer the entrepreneurs’ relief gain in preference to using the current year losses?
- Further can he do this after submitting a tax return showing the gain and loss offset? In other words will a subsequent EIS deferral claim be able to rewrite the computation for the year?
- If he can presumably the full amount of the losses are carried forward to the next year. But...
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