Zoe Fatchen (Wragge Lawrence Graham & Co) sets out the key features of EIS and SEIS for individuals seeking qualifying commercial investment opportunities and provides some practical tips for advisers.
Investors that are UK tax
resident and subscribe cash for new ordinary shares in a qualifying company may be eligible for a range of EIS reliefs. The core legislation is found at Part 5 of ITA 2007 while HMRC’s Venture Capital Schemes Manual contains a wealth of useful guidance.
CGT deferral relief: CGT deferral is available on the disposal of any asset up to the amount subscribed for EIS shares in the period beginning...
