Enterprise Investment Scheme (EIS) tax relief
HMRC provided advance assurance that shares issued by Fishtek Marine should meet the qualifying conditions of the enterprise investment scheme (EIS).
EIS is a tax relief available to individual UK taxpayers who invest in qualifying early stage and growth companies established in the UK. The main benefits of EIS for investors are the ability to offset 30% respectively of the investment amount against income tax liability for the current year and an exemption from capital gains tax on the disposal of shares after the three-year qualifying period.
The tax treatment of the EIS scheme depends on your individual circumstances and may be subject to change in future.