Crowdcube/EIS/SEIS question | P2P Independent Forum

hostile17

Posts: 20
Likes: 16

Crowdcube/EIS/SEIS question Oct 14, 2020 9:43:42 GMT

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Post by hostile17 on Oct 14, 2020 9:43:42 GMT

Hi, I know this is a bit off topic so I hope that it's okay to post this here as a semi-related topic.

I bought a few Crowdcube investments some years back, what a folly that was! Thankfully not too much money.

There is one that's dead. They were almost struck off on companies house and for some reason they have saved the company. it's not trading as far as I can it's just a company that's sitting there.

I was hoping it'd get stuck off so I could claim my EIS relief.

I'm wondering, if the company is technically still alive in the eyes of companies house can I not write it off? Or is there a way to dispose of the shares?

Any advice appreciated. I've tried to navigate Google for answers to this but end up none the wiser.

Thanks

TitoPuente
Member of DD Central

Posts: 623

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Crowdcube/EIS/SEIS question Oct 20, 2020 13:41:56 GMT

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Post by TitoPuente on Oct 20, 2020 13:41:56 GMT

This may apply:
www.gov.uk/government/publications/negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-hs286-self-assessment-he/hs286-negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-2020

angel19

Posts: 98
Likes: 113

Crowdcube/EIS/SEIS question Oct 20, 2020 21:20:18 GMT

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Post by angel19 on Oct 20, 2020 21:20:18 GMT

Oct 14, 2020 9:43:42 GMT hostile17 said:

Hi, I know this is a bit off topic so I hope that it's okay to post this here as a semi-related topic.

I bought a few Crowdcube investments some years back, what a folly that was! Thankfully not too much money.

There is one that's dead. They were almost struck off on companies house and for some reason they have saved the company. it's not trading as far as I can it's just a company that's sitting there.

I was hoping it'd get stuck off so I could claim my EIS relief.

I'm wondering, if the company is technically still alive in the eyes of companies house can I not write it off? Or is there a way to dispose of the shares?

Any advice appreciated. I've tried to navigate Google for answers to this but end up none the wiser.

Thanks

You should already have had 30% income tax relief on your EIS investment going in. If there are now losses you can claim loss relief which lets you offset a loss made on an EIS company against either your capital gains tax bill or your income tax bill. HMRC website has all details and how to claim.