VCM35050 - EIS: deferral relief: shares issued
before 6 April 1998: which individuals qualify?
TCGA92/SCH5B/PARA1 (4)
To qualify for relief the investor must be resident or
ordinarily resident at the date the gain accrued and the date on
which they subscribed for the shares. They cannot claim relief
if:
- they are also treated as resident in
another country by virtue of double taxation relief arrangements,
and
- they would not be liable to CGT if the EIS
shares were sold at a gain immediately after they were issued.
