The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
The enterprise investment scheme (EIS) encourages individuals to invest money in shares issued by qualifying unquoted companies with a permanent establishment in theUK.
A subscription for eligible shares of a qualifying EIS company is a tax efficient investment for theindividual. He can benefit from thefollowing tax reliefs:
This guidance note discusses thecalculation of theamount of income tax relief that might be withdrawn or reduced in certain situations.
Broadly, income tax relief is withdrawn if, within three years of subscription (or three years from thecommencement of thetrade, if later):
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