The TACS Partnership provides an overview of two important reliefs, how to claim them and how to report clawbacks under self-assessment.
The enterprise investment scheme (EIS) and seed enterprise investment scheme (SEIS) are designed to encourage investment in small or medium-sized companies. They do this by offering tax reliefs to individual investors who buy new shares in a qualifying company.
This article considers the position of the investor, and does not seek to explain what a company must do for its shares to qualify. Suffice to say that if a taxpayer has been issued with the correct paperwork (i.e. forms EIS3 or SEIS3, or EIS5 if the investment is through an approved investment fund), the company in which the investment has been made has satisfied the requirements to be a qualifying company.
The investor must also
