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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
Updated
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EIS: taper relief for serial investments: period when no shares held: Taper relief does not apply to gains accruing or treated as accruing after 5 April 2008

TCGA92/SCH5BA/PARA4

If there was a gap between the disposal of the shares in the first company and the acquisition of the shares in the second company, the qualifying holding period does not include the gap.