Personal Tax- Business Investment Relief claim or carry back to previous year (EIS/SEED)
Article ID
personal-tax-business-investment-eis-relief-carry-back-to-previous-year-eis-seed
Article Name
Personal Tax- Business Investment Relief claim or carry back to previous year (EIS/SEED)
Created Date
8th February 2023
Product
Problem
Personal Tax- Business Investment Relief carry back to previous year (EIS/SEED)
Resolution
Reliefs | business investments | Eis or Seed enterprise investment schemes – fill in details and make sure amount for carryback box is filled and the amount of relief (both boxes) , and that the “for year end 5th April:” has the tax year you are claiming it (eg 2022 if its the tax year you want to claim it under).
If you need to carry back: If you have a Business Investment EIS relief in 2022 and need to claim this relief back in 2021
In 2022
Reliefs | business investments | Eis or Seed enterprise investment schemes – fill in details and make sure amount for carryback box is filled and the amount of relief (both boxes) , and that the “for year end 5th April:” has the tax year you are carrying back to (eg 2021). The amount for relief must be equal or greater than amount to carryback.
In 2021
Now change to the previous year, enter in the same information but leave the carryback amount field blank, the amount for relief (the amount carried back from 2021) field will be what shows on the tax comp. “for year end 5th April:” should have the tax year you are carrying to
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