Different conditions have to be satisfied over different periods in order for an EIS claim to be successful. These are qualification periods to which reference is made in other articles which discuss the various aspects and conditions of an EIS claim, including CGT relief (see E3.185). The definitions of the periods are given below. As indicated in the description below, there have been many changes in the definitions of qualifying periods over the years and these are also described below.
Termination date
The periods are defined with reference to a termination date. This date is the third anniversary of the date the1:
- Ìý
•ÌýÌýÌýÌý qualifying shares were issued (see E3.116), or
- Ìý
•ÌýÌýÌýÌý qualifying business activity commenced if later than the date of issue (see E3.141)
When determining the termination date of a qualifying 90% subsidiary
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:23