I invested in Freetrade shares in 2019 but did not ask for eis as I didn’t know what it was at the time.
Despite this can I claim any kind of relief i.e cgt and if so can it be added on my next sa return or do I need to go back and do it on my 19-20 return?
many thanks in advance
Yes. You have up to 5 years to claim eis
It’s not too late to claim. You do need to do it to get the CGT relief
I didn’t ask for the eis cert though
Can you still download if from crowdcube?
Only my share cert is there, I have asked but no reply
@Stav This is your field of expertise if I’m right, Do you need to amend the previous submission or can you put it in this year? Also do HMRC request a copy of the EIS certificate?
I can answer the last part, they don’t require you to send a copy but can ask for one.
Also there is info on the cert that you need to make the claim
So I need the cert, hopefully CC can furnish me with one, they should just have issued them regardless if we were entitled.
I invested in 2019 and 2020.
I claimed EIS in 2020, but not in 2019 as I didn’t have any income that year. Is it possible to claim CGT relief still or not?
Contacted CC and got this back
Thank you for your email.
I’ve checked your account and I’m afraid that you were not opted in to receive tax relief when you invested in Freetrade in 2019.
As this is the case, I’m afraid there was no EIS allocated to your investment and therefore no tax certificate is due to you.
Unfortunately we are unable to retrospectively apply tax relief to investments, once the share documents have been issued.
Apologies that this is the case.
Kind regards,
Jen Richardson | Senior Investor Operations Executive
I was aware of the capital gains allowance but since 2019 I now have considerable investments not sheltered by an ISA.
Anyway thanks for your input everybody.
Hi there
I am currently writing to HMRC to claim income tax relief and more importantly future CGT relief for a 2019 EIS investment in Freetrade.
Having looked on various government websites it’s not actually clear who I should be sending the letter to. It seems wrong to send it to the self assessment centre. Would you know where this letter is best placed to go?
Thanks
Think it’s just the standard address, That’s the address I’ve used in the past. (I’m PAYE)
Pay As You Earn and Self Assessment
HM Revenue and Customs
BX9 1AS
United Kingdom
Let us all know how you get on.
Will do, I have sent the letter off today. So I will fill back in here with the end result.