The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
For the investor to qualify for any of the available enterprise investment scheme (EIS) tax reliefs, the investment must be in an EIS qualifying company. For more detail on the tax reliefs, see the Enterprise investment scheme income tax relief guidance note.
The rules which determine whether a company is qualifying for the purposes of EIS can be broken down into four main categories:
ITA 2007, ss 172, 180
Note that a sunset clause for EIS income tax relief has been introduced. This ensures that income tax relief will no longer be given to subscriptions made on or after 6 April 2025, unless the legislation is renewed by Treasury Order.
The company must:
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