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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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.
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.