A gain is to be exempt from capital gains tax where:

(1)the gain arises on the disposal of relevant shares in respect of which an amount of EIS income tax relief is still attributable; and

(2)the disposal occurs:

(a)for shares issued after 5 April 2000, more than three years after either the date of the issue or, if later, the date of the commencement of the trade; or

(b)for shares issued before 6 April 2000, more than five years after the date of the issue (TCGA 1992, s. 150A(2) and (3)).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.