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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
Updated
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EIS: deferral relief: shares issued on or after 6 April 1998: when is the deferred gain brought back into charge: death

TCGA92/SCH5B/PARA3 (5)

As a disposal is not deemed to occur on death, a deferred gain is not brought back into charge on the death of an investor. Neither will the deferred gain be revived if any of the events listed in VCM23110 occur after the date of death. The same rule applies to the death of any person who acquires the shares on a no gain/no loss transfer.