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How and when to claim tax reliefs

How and when to claim tax reliefs

There are certain time limits and considerations when claiming EIS tax reliefs.

How to claimWhen availableIs there a limit to claim?
Income tax
relief
Amend PAYE tax code
(if applicable) or through
a personal tax return.
EIS 3 or EIS 5 certificates
required.*
Approved EIS portfolio
investments: in the tax year that
the fund closes.

Unapproved EIS portfolio
investments: in the tax year the
investment into each underlying
company is made.
Five years from 31 January,
after the tax year in which
the shares were issued.
Capital gains
tax relief
There is no need to
do anything.
When the shares are sold,
provided they have been
held for at least three years.
There is no time limit.
Loss reliefThrough a personal
tax return.
When either the shares are
disposed of or when the
shares are of nil value.
Income tax: one year from
31 January, after the tax
year in which the loss
was made.

Capital gains tax: four
years after the end of tax
year in which the loss
was made.
Capital gains
deferral relief
Through a personal
tax return. EIS 3
certificates and EIS 5
certificates required.*
Approved EIS portfolio
investments: in the tax year
the investment into each
underlying company is made.

Unapproved EIS portfolio
investments: in the tax year
the investment into each
underlying company is made.
Five years from 31 January
after the tax year in which
the shares were issued.
Inheritance
tax relief
Through an inheritance
tax form valuing the
deceased’s estate.
Upon death.Before probate proceedings
come to an end.
* EIS 3 certificates are issued by each underlying company in an unapproved EIS portfolio. EIS 5 certificates are issued by the EIS manager of the approved EIS portfolio.