I have a question on follow on rounds of fundraising in an EIS qualified company.
If an investor subsequntly became a diretor after the first round of EIS fundraising, can they then participte in a follow on round ( it's more than 3 years later if that makes any difference which I don't think it does now) and still get the income tax or CGT benefits?
They are investing anyway, so its just a question of whether they get certificates issued to them.
Thanks for any insight.
Replies (2)
Please login or register to join the discussion.
They can't qualify if there is any connection to the company, which includes directorships, unless they are a Business Angel, in which case they can become a director but not receive any form of remuneration.