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Where Taxpayers and Advisers Meet

EIS shares inherited but now sold

Posts: 8
Joined: Thu Apr 21, 2016 10:05 am

EIS shares inherited but now sold

Postby estateexec » Fri Jan 12, 2018 10:36 am

I inherited shares in two Enterprise Investment schemes from my mother on her death and was issued new shares certificates in my name in 2016. These EIS companies have now been sold by their owners and I have received the proceeds. My question is - am I entitled to any CGT relief - deferral or disposal? I have only had these shares in my name for less than 3 years and the income tax relief was used by my mother when she acquired them, so I am guessing not, but would like to confirm. (These are likely to put me over the annual cgt allowance limit) Thankyou.

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