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EIS
-
Brightonian
- Posts:137
- Joined:Wed Aug 06, 2008 3:31 pm
Some years ago, I made an EIS claim for a client. She did not have enough income to benefit from full relief but I claimed the full amount income tax relief on the tax return, not thinking that there was any problem with this. This may have been a very foolish thing to do. At the same time I claimed full deferral relief against a large gain. Now the EIS company has failed and the gain has come back into charge. The loss on the failed company has to be reduced by the EIS relief given and it looks to me that I may have to deduct the tax value of the full amount claimed rather than the amount she actually benefited from. Do others agree? The claim was made for 2012/13 so is well out of time for amendment.
