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Deferred gains

It is possible to defer a charge to CGT on the disposal of an asset where the proceeds are reinvested in shares subscribed for under the Enterprise Investment Scheme (EIS, see Division E3.1) or in assets under Social Investment Tax Relief (SITR, see C3.1912). Whilst EIS was introduced in 1994, SITR only applies for investments made on or after 6 April 2014. The interaction of these reliefs with BADR (previously known as entrepreneurs' relief) is as follows.

Original disposal on or after 3 December 2014

Gains realised on or after 3 December 2014¹ which are eligible for BADR, but which are instead deferred into investments which qualify for EIS or SITR, remain eligible for BADR when the deferred gain becomes chargeable².

The relief applies if the following conditions are met³:

1. Ìý

   •ÌýÌýÌýÌý A chargeable gain accrues as a result of a chargeable event occurring under EIS or SITR⁴

2. Ìý

   •ÌýÌýÌýÌý The disposal which originally gave