[2015] UKFTT 0558 (TC)

The appeal against this decision is reported at [2016] BTC 512.

Judge Jonathan Richards

Decision released 6 November 2015

Income tax – Enterprise investment scheme – Whether small or insignificant preferential rights attaching to shares could be ignored – No – Appeal dismissed.

  The First-tier Tribunal (FTT) found that a right to repayment of the nominal value of shares in priority to other shareholders on a winding up was a preferential right that meant those shares were not eligible for enterprise investment scheme (EIS) relief.


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