Timescales & Dates

Question 1

CGT
What is timescale for claiming a loss
When does CGT have to be paid

When a loss is made over AEA, how long to report to HMRC

Answer 1

Loss has to be claimed within 4 years from end of tax year that loss occurred
CGT has to be paid on 31st January after tax year

Need to report a loss to HMRC 6 months after ego tax year

Question 2

When Entrepreneur relief claimed

Answer 2

Must be claimed within 1st year anniversary following 31st January following tax year

Question 3

Reinvestment Relief (EIS/SEIS)

Answer 3

Must be claimed , using EIS certificate 5 years after January 31st following tax year purchased shares

Question 4

When is IHT due to be paid

Answer 4

• Due 6 months from end of month of death