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Where Taxpayers and Advisers Meet

Negligible Value versus CGT deferral

Oli From Reading
Posts:5
Joined:Sun Aug 29, 2021 3:08 pm
Negligible Value versus CGT deferral

Postby Oli From Reading » Sun Nov 21, 2021 12:10 pm

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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