Practice guide: Enterprise tax reliefs

Enterprise investment scheme

Investors that are UK tax resident and subscribe cash for new ordinary shares in a qualifying company may be eligible for a range of EIS reliefs. The core legislation is found at Part 5 of ITA 2007 while HMRC’s Venture Capital Schemes Manual contains a wealth of useful guidance.

CGT deferral relief: CGT deferral is available on the disposal of any asset up to the amount subscribed for EIS shares in the period beginning...