‘Tax Day’ inheritance tax changes
We have extensive experience of the tax aspects EIS from both angles – we work with investors seeking to access reliefs and companies looking to raise money by way of an issue of EIS qualifying shares.
We spend a lot of time looking at EIS issues and have a working knowledge of the beartraps that can – and frequently do – cause relief to be forfeited. Sadly there are many reasons for this whether by failing to qualify from the outset or by doing something later that causes relief to be withdrawn.
As a consequence of our combined experience we are well placed to guide companies and/or investors through the maze of legislation and guidance. We have a summary of the provisions in our Briefing Note as a general guide as well as a flowchart testing a company’s qualification to issue shares under the scheme. However, we go much further than general guidance; we will work with you to understand the history as well as current overall planning on funding to make sure this is as tax efficient as possible. This is important, just a couple of examples: –
It is important to seek advice well before money is raised; we can help with structuring and qualification review and then assist with obtaining advance assurance of qualification from HMRC.
Once the funds are raised we can handle or advise on the tax compliance obligations – a lot of electronic forms (which cannot easily be part completed and saved!) – with HMRC and ultimately with providing certification to investors.
Once that is done, we would aim to work with you over the next growth phase of the business, reviewing your plans and testing the impact on existing investors.
Ultimately, we would hope to help you achieve the exit you want with your investors achieving their tax-free exit.
We inspire confidence. We are recognised as a top 20 firm for tax in the UK and, with a significant proportion of our partners specialising in tax, you will benefit from exceptionally high levels of technical expertise and experience. We will advise you accordingly, enabling you to plan with realistic ambition.
4 Offices, London, St Albans, Rickmansworth and Milton Keynes
Joined-up advice across all services, including, Corporate Restructuring, Corporate Finance and Corporate and Business Tax
Advise a wide range of industries and sectors Sector-specific experience and insight
Knowledge on variety on services, such as, Remuneration, Research & development, Capital Expenditure and Patent Box Relief, EIS and SEIS and buying and selling a company