Consultancy provided by EIS investor

Consultancy provided by EIS investor

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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?

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By User deleted
22nd Apr 2015 17:56

I do not think a genuine consultancy service provided at arms length will invoke s.166 et seq ITA/07.

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