³ÉÈËÓ°Òô

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 and in relevant shares. For more detail on the tax reliefs, see the Enterprise investment scheme tax relief guidance note and for more details of the conditions to be met by the investor, see the Conditions to be met by the EIS investor guidance note.

The rules which determine whether the shares are relevant shares and whether a company is qualifying for EIS broadly cover:

1. •

   the nature of the relevant shares

2. •

   the kind of company

3. •

   the amount of money it can raise

4. •

   how and when the money raised is used in the trade

5. •

   the type of activities carried on by the company

ITA 2007, ss 172, 180

Note that a sunset clause for EIS income tax relief exists which is 6 April 2035 although this date can be amended by Treasury Order.