Enterprise Investment Schemes (EIS)

02 December 2024

Business relief
Conditions for business relief

25 October 2024

EIS income tax relief tax claim importance for CGT relief reiterated
The case of Kalay v Revenue and Customs (UKFTT 366 (TC) 01 May 2024), in which the taxpayer was unsuccessful in claiming EIS CGT relief because they had not claimed EIS income tax relief. It broadly mirrors R Ames v HMRC (2018) UK UT190 in application of the EIS rules, if not the circumstances governing HMRC’s conduct

27 August 2024

EIS and VCT sunset clause extension formally approved by the European Commission
The Subsidy Control Regime, which has replaced the State-Aid rules since the UK’s exit from the European Union, under which the EU has confirmed it raises no objections to the continuation of the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) to April 2035

09 August 2024

EIS loss relief case study - claiming loss relief within three years of EIS share acquisition
How to calculate available loss relief when there is a realised loss of value of EIS qualifying shares within the three-year minimum holding period

02 August 2024

SEIS to EIS follow on funding
The considerations to be aware of when claiming both SEIS and EIS tax reliefs with separate investments into the same company

26 July 2024

High-risk investments under the Consumer Duty
How the Consumer Duty applies in relation to high-risk investments

19 July 2024

Where film investments through EIS currently sit
The common structuring of film investments through EIS, and whether they meet the requirements of the risk to capital condition. The risk to capital condition was introduced in 2018. It applies to companies seeking qualification for the Seed Enterprise Investment Scheme (SEIS), the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) and it aims to ensure that focus is placed on genuinely high-risk investments to justify the generous tax reliefs available through these venture capital schemes