VCM23190 - EIS: deferral relief: shares issued on or after 6 April 1998: who is assessable?

TCGA92/SCH5B/PARA5

Rules are necessary to determine on whom the deferred gain should be assessed when there is a chargeable event. These rules are necessary because the original investor may have passed the shares on to their spouse or civil partner on a transfer to which TCGA92/S58 applies. If there is a chargeable event the gain is assessable on:

• the person making the disposal,
• the person who becomes non-resident,
• the person who holds the shares when they cease to be eligible.