I'm wondering if anyone can clarify an aspect of EIS elibility....
A company cannot apply for EIS status for any new equity investment if the company is controlled (51%) by a Ltd company (parent).
Would the same company be ineligible if its shareholders were say 50% Ltd company (parent) and 21% individual (but the individuals were also the same shareholder of the Ltd company (parent)?) the remaining 29% would be new investment.
Interested in any viewpoints on this.