EIS loss relief

ericthesanddune

Along with many other people I invested  in a startup company. I invested  £5010. I claimed EIS tax relief on my investment. The company has just gone through administration and is now owned by another company.  I’ve been told that I can claim EIS loss relief on my loss. 

Has anyone ever done this? and if so did you call HMRC to start the process? 

Thanks 

[Deleted User]

[Deleted User] said:

ericthesanddune said:

Along with many other people I invested  in a startup company. I invested  £5010. I claimed EIS tax relief on my investment. The company has just gone through administration and is now owned by another company.  I’ve been told that I can claim EIS loss relief on my loss. 

Has anyone ever done this? and if so did you call HMRC to start the process? 

Thanks 

Include it in SA108 on your self-assessment tax return.  This will also be helpful: https://www.gov.uk/government/publications/negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-hs286-self-assessment-he/hs286-negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-2023#in-what-type-of-company-should-i-have-subscribed-for-shares

As you no doubt know, it is worth mentioning that, unlike other capital losses, it can be set against income as well as other capital gains.

ericthesanddune

[Deleted User] said:

ericthesanddune said:

Along with many other people I invested  in a startup company. I invested  £5010. I claimed EIS tax relief on my investment. The company has just gone through administration and is now owned by another company.  I’ve been told that I can claim EIS loss relief on my loss. 

Has anyone ever done this? and if so did you call HMRC to start the process? 

Thanks 

Include it in SA108 on your self-assessment tax return.  This will also be helpful: https://www.gov.uk/government/publications/negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-hs286-self-assessment-he/hs286-negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-2023#in-what-type-of-company-should-i-have-subscribed-for-shares

Hi, thanks for your reply. I’ve always been PAYE and I’m now retired