Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

The prohibition era

14 September 2010 / Kevin Slevin
Issue: 4272 / Categories: Comment & Analysis , Capital Gains
KEVIN SLEVIN examines the future of share-for-QCB exchanges and the new rules for EIS relief


  • The effect of EIS claims made after 22 June 2010.
  • Share for QCB exchanges made on or after 23 June 2010.
  • Share for share exchanges and TCGA 1992 s 127.
  • The effect making and disapplying the various elections.

My previous article Expect the unexpected looked at the interaction between entrepreneurs’ relief enterprise investment scheme (EIS) deferral relief and share-for-qualifying corporate bond (QCB) exchanges where the original gain arose prior to 23 June 2010.

This article looks at what happens when the gain arises after that date.

First however I need to correct a mistake which crept into the previous article. In the example Charles II the rate of tax is given as 10%. The rate should in fact have been 15.55% and the text should also...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon