What are the key dates for benefiting from the various tax reliefs?
The key dates are as follows: Income Tax Relief: based on the date of the underlying investments in Qualifying Companies Capital Gains Tax Exemption: any capital gains on investments made by the Fund on your behalf will be exempt from capital gains provided they have been held for three years or for three years from the date they commenced trading, if later, and income tax relief has been obtained and not withdrawn CGT Deferral Relief: you can go back three years or forward one year from the dates the Fund invests in Qualifying Companies to claim deferral relief on other capital gains provided an amount equivalent to those gains is invested in Qualifying Companies by the Fund Inheritance Tax (IHT) Relief: an investment in a qualifying EIS company is normally treated as “relevant business property” for the purposes of IHT when the shares are held for at least two years. In this case, an IHT exemption for 100% of the value of an EIS investment will be obtained in the event of the death o
