VCM38030 - EIS: deferral relief: shares issued on or after 6 April 1998: qualifying time

TCGA92/SCH5B/PARA1 (3)

The deferral relief shares must be issued in the period beginning 12 months before, and ending three years after, the accrual of the gain on which relief is claimed.

HMRC has statutory powers to extend these time limits which have not been delegated to HMRC officers in area offices. If the EIS shares are issued outside the time limits and a request is made for an extension, follow the instructions at VCM68060. This refers to VCT shares but for EIS deferral relief purposes it should be read as referring to eligible shares in a qualifying company.