This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

EIS shares inherited but now sold

estateexec
Posts:19
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.

Return to “Capital Gains Tax, CGT”