VCM20130 - EIS: disposal relief: income tax relief for capital losses
ICTA88/S305A and ICTA88/S574
Because losses on the disposal of EIS shares are allowable an investor may be able to set them against their income by making a claim for Share Loss Relief under ITA07/S131. Guidance on Share Loss Relief is at VCM70000 onwards. Shares to which EIS relief is attributable are automatically 바카라 사이트˜qualifying shares바카라 사이트™ for Share Loss Relief purposes, regardless of whether the owner subscribed for them or whether the company which issued them was a 바카라 사이트˜qualifying trading company바카라 사이트™. It is nonetheless possible that losses on some EIS shares will not qualify for Share Loss Relief because, for example, the disposal was not such that relief might be available, see VCM74090.