Lisa Stevenson (Parisi Tax) considers whether the founders of an online dating site can qualify for seed enterprise investment scheme relief.
Question
A trading company (‘the company’) an online dating site was incorporated one year ago. The original subscriber share was initially owned by another company (‘the parent’) which was wholly owned by an individual Adam. The parent held the subscriber share in the company for a few weeks while the company was getting the business off the ground including opening its bank account appointing advisers recruiting and designing its website.
Once the online dating site was launched the parent transferred the subscriber share to Adam. Adam together with Bob Colin and Doug (the four ‘founders’) invested £2 500 in return for 25% of the ordinary shares...
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Lisa Stevenson (Parisi Tax) considers whether the founders of an online dating site can qualify for seed enterprise investment scheme relief.
Question
A trading company (‘the company’) an online dating site was incorporated one year ago. The original subscriber share was initially owned by another company (‘the parent’) which was wholly owned by an individual Adam. The parent held the subscriber share in the company for a few weeks while the company was getting the business off the ground including opening its bank account appointing advisers recruiting and designing its website.
Once the online dating site was launched the parent transferred the subscriber share to Adam. Adam together with Bob Colin and Doug (the four ‘founders’) invested £2 500 in return for 25% of the ordinary shares...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
