VCM11010 - EIS: income tax relief: the investor: overview
Chapter 2 of Part 5 deals with the requirements relating to the investor. There are three main requirements:
- The investor must have no 바카라 사이트˜connection바카라 사이트™ with the issuing company (see VCM11020),
- The investor or any associate must not have received a loan which would not have been made, or would not have been made on the same terms, were it not for the EIS investment (see VCM11030), and
- The investor must have subscribed for the shares for genuine commercial reasons and not as a part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax (see VCM11040).
Guidance on the meaning of 바카라 사이트˜connection바카라 사이트™ is at VCM11050 to VCM11090.
See VCM11100 for the meaning of 바카라 사이트˜associate바카라 사이트™.
See VCM14210 for the obligations imposed on investors to notify HMRC of certain events which should result in relief being reduced or withdrawn, and VCM15170 for HMRC바카라 사이트™s powers to obtain information.