subscribe for shares in an eis company. 150k gain is deferred against the investment, and 30k of income tax relief received.
My question relates to the disposal of the shares. They are now worthless. They have been held for more than the 5 yr period required.
Is the loss on disposal 150k less 30k of relief ie 120k. And at the same time the 150k brought back into charge, meaning a net gain of 30k ?
Or as the 5 yrs is up is the loss 150k leaving this to offset against the deferred gain of 150k now becoming chargeable.
Any comments appreciated.
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