Commentary

E3.106A Connected individuals do not qualify for EIS

Personal and employment tax

E3.106A Connected individuals do not qualify for EIS

E3.106A Connected individuals do not qualify for EIS

In order to qualify for EIS tax relief as a qualifying investor the individual must meet some eligibility criteria (see E3.106), one of the which is that the investor must be unconnected to the issuing company.

An individual is connected with the issuing company if, at any time in period A (see E3.104), the individual or an associate of the individual is connected with1:

  1.  

    •     partners, employees or paid directors of the issuing company or its subsidiary (see E3.109)2, or

  2.  

    •     persons with an interest in the company such that the individual

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