How do I declare my Tax Shelter investment?
For investments in start-ups:
Each year, Spreds provides you with a certificate with the amount eligible for the Tax Shelter scheme. In principle, this amount will be pre-filled in your tax return. You can check it (and if not pre-filled, correct it) when you file your tax return, in the X.G box.
The X Box is related to expenses that give rise to tax relief. Box G relates to payments that qualify for tax relief for the acquisition of new shares in young companies. You then enter the eligible amount in Box 1 or Box 2:
1: Payments that qualify for a 30% tax reduction.
2: Payments that qualify for a 45% tax reduction.
Your certificate will clearly indicate the percentage applicable to your investment.
If you dispose of your Notes within 4 years of their acquisition, you must mention the amount of the tax reduction in box 3 :
3: Reclaiming the tax credit previously effectively obtained.
In this case too, we will have sent you a certificate and a communication concerning the calculation that you must make.
For investments in scale-ups:
Each year, Spreds provides you with a certificate with the amount eligible for the Tax Shelter scheme. In principle, this amount will be pre-filled in your tax return. You can check it (and if not pre-filled, correct it) when you file your tax return, in the X.H box.
The X Box is for expenses that qualify for a tax reduction. Box H relates to payments that qualify for the tax reduction for the acquisition of new shares in growth companies. You then enter the eligible amount in box 1:
1: Payments made in [income year you specify].
If you dispose of your Notes within 4 years of acquiring them, you must enter the amount of the tax credit reversal in Box 2:
2: Reclaiming the tax credit previously effectively obtained.
Also in this case, we will have sent you a certificate and a communication regarding the calculation you must make.
Last update: October 2022.