CGT (Capital Gains Tax) re-investment relief:
There has been significant confusion regarding CGT reinvestment relief. The HMRC has now confirmed that the CGT reinvestment relief HAS NOT been extended for another year – so only gains made in the current 2012/2013 tax year are eligible for the tax relief.
“Carry-back” is still available for both the income tax reliefs and Capital Gains tax reliefs. Effectively this means that you have more time to invest – for example, you can invest into an SEIS company in 2013/2014 and use capital gain in 2012/2013.