I invested a modest sum of money in Richard Nobles new venture (www.farnborough-aircraft.com) a few months ago and have just received a EIS3 form from the company. I'm not familiar with this form and need to ask a question or two. 1) Can the tax relief only be used against CGT (of which I will not exceed the limit) or can it lower my normal PAYE tax coding. 2) Can I claim tax relief as a higher rate tax payer of 40%, giving me £800 relief on an investment of say, £2000.3) Do I have to return the form to the IR or can I just put details on the self assessment when I receive it. 4) Is there anything else I need to be aware of, eg When I come to sell the shares.Thanks in advanceCol S.
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