[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.

Summary

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.