Reliefs are available under the Enterprise Investment Scheme (EIS) and Seed EIS to an individual who invests in qualifying trading companies. In summary, these are:
The above is a simplified list in what is a complex area. There are several types of trading activity which are not qualifying. In some cases, it might appear that an activity doesn’t qualify but with some planning it can do so.
Where a company is looking to attract business angels and other outside investors, the existence of EIS status having been agreed with HM Revenue & Customs is an attraction for them.
We can assist with looking at any prospective or actual trade to see whether it can qualify for EIS or Seed EIS for new investors. Our review will include a detailed run through of the legislation and, if appropriate, will be followed up by an approach to HM Revenue & Customs for an advance ruling.
To discuss this with us on a non-judgmental, discrete and no cost basis call our helpline 0800 001 6686 or contact us today.
Gary Brothers and Mike Leigh are regular contributors to a number of professional forums. The current blogs are here, and our archived blogs can be found by checking on the link below.