EIS: income tax relief: company and investor procedures: investor claims: shares treated as acquired in preceding year
Where the investor wishes to treat some of the shares as issued in the year before the year in which they were issued (see VCM10530), it will be necessary to make two separate claims.
Mr Illingworth subscribes £50,000 for 50,000 shares which are issued to him on 30 September 2006. He receives form EIS3 on 31 October 2006. He wants 20,000 shares to be treated as issued in the previous year.
His claim to relief on £30,000 for 2006-07 will be made after the end of the year on his tax return. In the meantime he completes the claim section of form EIS3 to show a claim to relief on £20,000 for 2005-06, thus amending his tax return for that year. At the same time he uses the same means to obtain a coding adjustment for 2006-07.