How far back can an investor claim tax relief for previous tax years with an EIS investment?

EIS benefit from income tax carry back, so the tax relief associated with an investment can be taken back into the previous tax year. Therefore, an investment on the 4th April 2024 can be used to claim income tax reliefs in the 2022/2023 tax year.

EIS benefit from income tax carry back, so the tax relief associated with an investment can be taken back into the previous tax year. Therefore, an investment on the 4^th April 2024 can be used to claim income tax reliefs in the 2022/2023 tax year.

HMRC approved EIS funds have the tax benefit that the deemed date of investment is defined as the date at which the fund closes, rather than when the underlying investments are made (as per normal EIS funds, called “unapproved”).