VCM20060 - EIS: disposal relief: investor바카라 사이트™s income tax liability reduced to nil
TCGA92/S150A (3)(c)
The restriction does not apply if the only reason full Income Tax relief cannot be given is because the claim reduces the investor바카라 사이트™s Income Tax liability to nil. For example, an investor subscribes £100,000 for 100,000 £1 ordinary shares in an EIS company. The investor claims Income Tax relief under ITA07/S158. Only £16,000 worth of relief can be given before their Income Tax liability is reduced to nil, ITA07/S29(2). The restriction in TCGA92/S150A (3) does not apply.