I'm looking for some advice on claiming tax relief under the EII scheme. I've searched the forums here and couldn't find an answer. I know the rules have also changed in recent years, so other discussions around EIIS may no longer be relevant.
In 2025, I invested a small amount in the crowd-funder for (company spammed askaboutmoney) [approx. €500], mainly just to get familiar with how the scheme works and whether the tax relief claiming process is easy to manage myself. I don't envisage making myself rich from this investment! (company spammed askaboutmoney) provided the Statement of Qualification in December, however it only contains my details and theirs [addresses, tax reference numbers], and the number of shares issued [not the value of those shares]. Section 4 "Relief" are all blank.
I was previously under the impression that in my tax return for 2025, I'd be able to claim relief for the full amount invested [in this situation it'd be €500 off my taxable income, so I'd get back the 40% tax on that €500]. However, when populating the relevant section of my form 11, I note the question "Amount of investment which qualifies for relief under Section 502(2A)", which implies that the full amount may not be claimed. Looking further into section 502(2A), there are multiple options that all refer to sub-options, which go into factors relating to matters like how long the company has been operating. All of which, to be honest, I don't have a clue how to answer.
Ref: Section 502
Referenced sub-section: Section 496
My instinct is to go back to the company and tell them that they should have provided a fully completed SoQ for me to use in claiming tax relief. However, in anticipation of the usual "we can't give you advice on your own tax affairs" response, I figured I'd check here as to whether I'm over-thinking or mis-interpreting the rules around claiming this relief. Should I just claim relief on the full amount, or do I need to get more detailed figures from (company spammed askaboutmoney) in an updated SoQ?
In 2025, I invested a small amount in the crowd-funder for (company spammed askaboutmoney) [approx. €500], mainly just to get familiar with how the scheme works and whether the tax relief claiming process is easy to manage myself. I don't envisage making myself rich from this investment! (company spammed askaboutmoney) provided the Statement of Qualification in December, however it only contains my details and theirs [addresses, tax reference numbers], and the number of shares issued [not the value of those shares]. Section 4 "Relief" are all blank.
I was previously under the impression that in my tax return for 2025, I'd be able to claim relief for the full amount invested [in this situation it'd be €500 off my taxable income, so I'd get back the 40% tax on that €500]. However, when populating the relevant section of my form 11, I note the question "Amount of investment which qualifies for relief under Section 502(2A)", which implies that the full amount may not be claimed. Looking further into section 502(2A), there are multiple options that all refer to sub-options, which go into factors relating to matters like how long the company has been operating. All of which, to be honest, I don't have a clue how to answer.
Ref: Section 502
Referenced sub-section: Section 496
My instinct is to go back to the company and tell them that they should have provided a fully completed SoQ for me to use in claiming tax relief. However, in anticipation of the usual "we can't give you advice on your own tax affairs" response, I figured I'd check here as to whether I'm over-thinking or mis-interpreting the rules around claiming this relief. Should I just claim relief on the full amount, or do I need to get more detailed figures from (company spammed askaboutmoney) in an updated SoQ?