I sold some shares so acquired a CGT liability, but bought EIS shares to defer that liability.
Years later the EIS shares became of Negligible Value, so I'm putting the paperwork together to claim loss relief.
However, does the zero-value of the EIS bring the CGT liability back into force? Do I need to buy another EIS to defer again any CGT liability that's above the annual allowance?
I've been through all the HMRC documentation, and I interpret a few hints that it might be but can't find any clear statement about it.
Thanks,
Oli
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