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EIS income tax relief & transfer
frogg
Posts: 25 Forumite
Hi,
Looking for a bit of advice and wonder whether someone can help.
I have £50k in an EIS and the shares were issued in September 2014. My issue is that while I had income in fy2013-2014, I didn't in 2014-2015, so can I get the income tax relief for the previous year? I should be able to claim £15k if I can assign them to the 2013-14 tax return, but nothing for 2014-15.
If not, my wife is still earning, so could I transfer the EIS to her and she claims?
Thanks in advance.
Looking for a bit of advice and wonder whether someone can help.
I have £50k in an EIS and the shares were issued in September 2014. My issue is that while I had income in fy2013-2014, I didn't in 2014-2015, so can I get the income tax relief for the previous year? I should be able to claim £15k if I can assign them to the 2013-14 tax return, but nothing for 2014-15.
If not, my wife is still earning, so could I transfer the EIS to her and she claims?
Thanks in advance.
0
Comments
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Yep you can carry back EIS income tax relief to the previous tax year so should be fine to claim it against 2013-14 income tax paid.0
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fantastic - thanks0
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