EIS relief on a company that has a tenanted Pub

EIS relief on a company that has a tenanted Pub

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A company has been formed to purchase a pub (no rental accommodation) by the issue of shares to members of an Association. The pub will then be run by a tenant. Will the shares be eligible for EIS relief? I have heard this is only the case if the pub is managed and not tenanted but can't find the authority that states so.

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By paulwakefield1
23rd Feb 2015 13:38

Not eligible as being a landlord is not considered to be trading. We have been through this with our pub here. I'll see if I can find the relevant bits.

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By paulwakefield1
23rd Feb 2015 13:42

I should just add

there are some ways to create trading although you may find them somewhat artifical such as buying all the beer in the Association and selling it to the pub.

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By GeoffB
23rd Feb 2015 13:55

Ah, that makes sense. Any information you can give me on the whole process will be much appreciated.

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By paulwakefield1
23rd Feb 2015 14:07

PM sent

.

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