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Get your Capital Gains Tax back


If you have made a capital gain in the last 3 years then it may be possible to roll this over into an investment known as an Enterprise Investment Scheme (EIS) and get back the Capital Gains Tax that you paid.

Unfortunately you won’t be able to keep the tax forever, as it would become payable when you sell your shares in the EIS business. On top of the cash flow advantage, for gains that may have been taxed in the past at up to 40% then it is possible to reduce the ultimate gain to 18% using the EIS investment.

Other benefits of the investment include;
  • You may be entitled to 20% income tax relief on the EIS investment.
  • After two years of holding an EIS investment then it will effectively be exempt from Inheritance Tax.
  • There will be no Capital Gains Tax payable on an increase in value of the investment.

There are a number of EIS investments around, some of which may expect a reasonable return. Financial advice should be taken before considering any such investment and the risks involved.