New EIS Rules 2015

A Small Overview about Qualifying Factors for EIS scheme Income Tax Reliefs

There are some important conditions to qualify for getting EIS tax reliefs. All these are as per the latest amendments made on the various venture capital investment schemes. To know more, you can check out https://www.kuberventures.co.uk/new-eis-rules-2015/.

• Restrictions has been given on individual investors that he or she is not supposed to be having any connection with the EIS company two years before the issuing of the EIS shares as well as three years  after such investment has been made.
• Also, it is said that the individual is supposed to retain these shares for a minimum of three years time.
• Individuals who are investing into start up companies with the help of a partnership will not be eligible to qualify for such EIS reliefs.

No amount of capital gain tax or CGT is charged for the EIS gains. These are disposed after holding them for a minimum period over which income tax has been given.