Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Venture Capital Schemes Manual

HM Revenue & Customs
, see all updates

EIS: taper relief for serial investments: chargeable event other than a disposal: Taper relief does not apply to gains accruing or treated as accruing after 5 April 2008

If the deferred gain is revived because of a chargeable event under of TCGA92/SCH5B/PARA3 (1) other than a disposal of shares, see VCM23110, the extension of the qualifying holding period does not continue. In such circumstances, the qualifying holding period comes to an end when the shares in the first company were disposed of, or, if there was a series of qualifying investments in EIS companies, when the gain was most recently revived on a disposal of shares.