EIS and SEIS aiming to allot shares this tax year

Archived article

Archived article: please remember tax and investment rules and circumstances can change over time. This article reflects our views at the time of publication.

Please note: there are no longer any EIS or SEIS offers aiming to allot shares in the 2020/21 tax year. There are, however, a number of offers that aim to allot in the 2021/22 tax year, with the option to carry back to 2020/21. 

A reminder: how does ‘carry back’ work?

With EIS and SEIS investments you have the option to use the income tax relief against tax paid or owed for a previous tax year (known as “carry back”).

When EIS or SEIS shares are allotted – or the investment date for tax purposes – determines which is the current or previous tax year. 

So, for instance, if the allotment or investment date for tax purposes is before 5 April 2022, you could claim the income tax relief in the 2021/22 tax year or carry back to 2020/21.

Important: The information on this website is for experienced investors. It is not advice nor a research or personal recommendation to invest. If you’re unsure, please seek advice. Investments are for the long term. When you invest in early-stage businesses you should expect some to fail. EIS and SEIS investments are high risk and only for experienced investors. You could lose all your capital: you should not invest money you cannot afford to lose.

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – tax-efficient investments. You should base your investment decision on the provider's documents and ensure you have read and fully understand them before investing. This review is a marketing communication. It is not advice or a personal or research recommendation to buy the investment mentioned. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.

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