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EIS relief where shares carry preferential rights (Foojit v HMRC)

EIS relief where shares carry preferential rights (Foojit v HMRC)
Published on: 28 January 2021
Published by: LexisPSL
  • EIS relief where shares carry preferential rights (Foojit v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In Foojit v HMRC, the Upper Tribunal (UT) found that enterprise investment scheme (EIS) relief was not available due to the mechanics of paying out preferential dividends in the company’s Articles of Association. or take a trial to read the full analysis.

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