As inflation spikes deciding to do to help protect clients’ wealth is the conundrum of the year, writes Andrew Aldridge. Here he explains why advisers should be bold and embrace EIS
VCM71030 - Share Loss Relief: definitions: shares - HMRC internal manual gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.
VCM71010 - Share Loss Relief: definitions: introduction - HMRC internal manual gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.
VCM74080 - Share Loss Relief: individual and corporate claimants: individual claimants: types of qualifying share
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
Shares to which EIS relief is attributable
This is one sub-set of qualifying shares. For the purposes of Share Loss Relief, EIS relief is relief given under either of two heads. It is either income tax relief under Part 5 of ITA 2007 or (in relation to shares issued after 31 December 1993 and before 6 April 2007) it is relief under ICTA88/CH3/PT7. It is not the same as relief under the Business Expansion Scheme, which was available in respect of shares issued before 1 January 1994. For guidance on income tax relief under the Enterprise Investment Scheme, see VCM10500+.