Enterprise investment scheme relief
Amount of
Amount raised annually through risk capital schemes requirement
Assessment for withdrawal or reduction of relief
Appeals
Case where assessment not to be made
Generally
Time-limits
Associate, meaning
Attribution of relief to shares
Bare trustees
Chargeable gains
Generally
Re-investment
Reduction of relief
Claims
Compliance appeals against refusal to authorise compliance certificate
Compliance certificates
Compliance certificates, penalties for
Compliance statements
Compliance statements, penalties for
Entitlement
Fraudulent certificate or statement etc.
Time for making
Commencement
Companies in administration or in receivership, meaning
Connection with issuing company
Directors
Employees
Generally
Partners
Persons interested in capital etc. of company
Persons subscribing for shares under certain arrangements
Consequential repeals
Deferral relief
Disposal of shares, meaning
EIS original rate, meaning
Eligibility for
Excluded activities
Coal production
Electricity, subsidised generation or export of
Generally
Hotels and comparable establishments
Licence fees, receipt of
Meaning
Nursing homes and residential care homes
Property development
Provision of services/facilities for another business
Royalties, receipt of
Shipbuilding
Ships, leasing of
Steel production
Wholesale and retail distribution
Farming, meaning of
Form of
General requirements
Generally
Maximum risk finance investments at issue date requirement
Maximum risk finance investments during period B requirement
Permitted maximum age requirement
Gross assets, value
Identification of shares on disposal
Information
Investor to provide
Issuing company to provide
Obligations of secrecy
Power to require
Interpretation
Generally
Knowledge-intensive company, meaning
Investor
Connection with issuing company
Existing shareholdings requirement
Information to provide
No connection with issuing company requirement
No linked loans requirement
No tax avoidance requirement
Overview
Value received by
Issue of shares, meaning
Issuing company
Acquisition by new company, continuity of relief
Coal production, excluded activity
Control and independence requirement
Excluded activities
Financial health requirement
Gross assets requirement
Hotels and comparable establishments, excluded activities
Information to provide
Issuing company
Leasing ships, excluded activities
Number of employees requirement
Nursing homes and residential care homes, excluded activities
Overview
Permanent establishment
Property development, excluded activities
Property managing subsidiaries requirement
Provision of services or facilities for another business, excluded activities
Qualifying 90 per cent subsidiary
Qualifying business activities requirement
Qualifying subsidiaries requirement
Qualifying subsidiary, meaning
Qualifying trade, meaning
Receipt of royalties and licence fees, excluded activities
Ship building, excluded activities
Steel production, excluded activities
Trading requirement
Treasury's powers to make amendments
Unquoted status requirement
Wholesale and retail distribution, excluded activities
Knowledge-intensive companies
Generally
Meaning
Limiting eligibility, relief to investments made before 2025
Loan linked investments
Location of activity
Meaning
Minimum subscriptions
Money raised, requirement as to
Nominees
Approved investment fund as
Generally
Other reconstructions and amalgamations
Other tax reliefs
Overview
Periods A, B and C meaning
Permanent establishment
Powers to amend Part 5 of ITA 2007
Chapters 2 to 4 by Treasury regulations
Generally
Qualifying business activities
Meaning
Raising money for
Qualifying trades
Re-investment
Acquisition of share capital by new company
Anti-avoidance provisions
Chargeable events
Claims
Disqualifying arrangements
Failure of conditions of application
Gains accruing on chargeable event
Information
Insignificant repayments disregarded
Interpretation
Investment-linked loans
Person to whom gain accrues
Postponement of original gain
Pre-arranged exits
Put options and call options
Receipt of replacement value
Relevant investments limit
Reorganisations and reconstructions
Same company, in
Trustees
Value received by investor
Value received by other persons
Relevant investments limit
Relevant shares
Issue requirement
Maximum age requirement
Minimum period requirement
No disqualifying arrangements requirement
No pre-arranged exits requirement
No tax avoidance requirement
Overview
Shares requirement
Use of money raised requirement
Repayment etc of share capital
Repayments etc. of share capital to other persons
Amount where there is more than one issue of shares
Authorised minimum within 12 months
Generally
Insignificant repayments ignored
Maximum relief not obtained for share issue
Restrictions on withdrawal of relief
Single issue affecting more than one individual
Single issue treated as made partly in previous tax year
Royalties and licence fees
Taper relief
Termination date, meaning
Transfers between spouses or civil partners
Transitional provisions
Valuation of assets
Value received by investor
Amount of value received
Connected persons, by and from
Generally
Maximum relief not obtained
More than one issue of shares
Part of share issue treated as made in previous tax year
Receipt of replacement value
Receipts of insignificant value
When value received
Withdrawal or reduction
Acquisition of share capital
Acquisition of trade or trading assets
Assessments
Call options
Disposal of shares
Information
Interest chargeable, date
Maximum relief not obtained
Overview
Put options
Relief subsequently found not to have been due
Repayments etc. of share capital to other persons
Value received by investor