Commentary

E3.1101 Qualifying investment and qualifying expenditure

Personal and employment tax

E3.1101 Qualifying investment and qualifying expenditure

E3.1101 Qualifying investment and qualifying expenditure

Deferral relief is available for a qualifying investment of qualifying expenditure.

Qualifying expenditure and unused qualifying expenditure

The investor's qualifying expenditure on relevant shares included in a qualifying investment is the amount subscribed by him or her for those shares.

Unused qualifying expenditure means such expenditure which has not already been matched with all or part of a chargeable gain under these provisions, or for shares issued after 5 April 2012, with a gain under the SEIS reinvestment provisions (see E3.801)1.

Qualifying investment

An investor makes a qualifying investment if all the conditions that apply for EIS income tax relief are met as summarised in the table below2.

Conditions for being a qualifying

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