How do I declare my Tax Shelter investment?

For investments in start-ups

Spreds provides you with an attestation each year for each investment eligible for the Tax Shelter scheme for up to 4 years following the year of your investment. In principle, this amount is already pre-filled in your tax return. You can check this (and if not pre-filled, fill it in) when you file your tax return, in section X.G.

The X section relates to expenses that give rise to tax relief. The G part refers to payments eligible for tax relief for the acquisition of new shares in start-ups. Then enter the eligible amount in either Box 1 or Box 2:

Payments that qualify for a 30% tax reduction.
Payments that qualify for a 45% tax reduction.

Your attestation clearly states the percentage applicable to your investment.

If you dispose of your Notes within 4 years of acquiring them, you must indicate the amount reclaimed from the tax reduction already obtained in box 3:

3. Reprisal of the previously actually obtained tax reduction.

If you no longer hold the Notes as a result of a sale of the underlying asset (the shares) by Spreds Finance, we will provide you with an attestation and send you a communication regarding the calculation you must make.

For investments in scale-ups

The X section relates to expenses that give rise to tax relief. The H part refers to payments eligible for tax relief for the acquisition of new shares in scale-ups. Then enter the eligible amount in either Box 1:

Payments made in [income year you specify].
If you dispose of your Notes within 4 years of acquiring them, you must indicate the amount reclaimed from the tax reduction already obtained in box 2:
Reprisal of the previously actually obtained tax reduction.
If you no longer hold the Notes as a result of a sale of the underlying asset (the shares) by Spreds Finance, we will provide you with an attestation and send you a communication regarding the calculation you must make.

Last update: October 2022