The EIS shares subscribed for must be issued in the period which
runs from one year before to three years after the disposal. If the
shares were subscribed for before the chargeable gain accrued they
must still be held at the date the gain accrued.
HMRC has statutory power to extend the EIS deferral relief
time limits and this power has 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
EIS shares.
