My understanding is that the EIS rules withdraw the tax reliefs if the investor is connected with the company by being a director or employee.
Would it be safe to assume that the standard employment test would apply here (IR35 etc) and genuine consultancy could be provided by an investor without jeopardising the EIS status?
Replies (1)
Please login or register to join the discussion.
I do not think a genuine consultancy service provided at arms length will invoke s.166 et seq ITA/07.