The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Investors acquiring shares on flotation, where the company is listed on a market such as AIM so that the shares are not regarded by HMRC as quoted shares, may be able to claim certain reliefs including:
Investment in shares listed on the full market of the London Stock Exchange and other similar recognised stock exchanges, where the shares are regarded as quoted for tax purposes, is not generally eligible for any relief.
EIS relief can be claimed on an investment in unquoted shares, giving:
Note that a sunset clause has been introduced, after which time EIS income tax relief will not be available. The shares must be issued before 6 April 2025 or such other date which may be announced under Treasury regulations.
For EIS to be available, the company must meet the following tests contained within ITA 2007, s 156, Part 5 et seq at the time of issue:
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