Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
Here is the advice from Price Waterhouse Cooper on this subject:
'Deferral relief is available for gains arising on the disposal of any asset on or after 29 November 1994
(but see time limit for claims). It is obtained by reinvesting part or all of the gain (before taper
relief for gains after 5 April 1998 and prior to 6 April 2008) by subscribing for shares in an
EIS qualifying company.
On making a claim, the relief will be given as a deferral of the chargeable gain, by matching it with
a subscription for eligible shares. As a result, the capital gain is deferred until these new shares are
disposed of, or in some cases, until the happening of an event which causes the relief to be withdrawn –
a chargeable event.
Where appropriate, a claim for relief may be made in a reduced amount in order to utilise the benefit of
other reliefs, for example allowable losses and the annual exemption.'
Taper relief is, of course, long gone, compensated for by a reduction in the UK Capital. Gains Tax rates. These new shares need not be declared until a gain or loss is made on some future disposal. It might be a good idea to put a note in to the issue of these shares in the comments box at the end of the return.
I do hope tht you find my reply of assistance.