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Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.1 Enterprise investment scheme /Requirements relating to shares / E3.119 Purpose of the share issue

E3.119 Purpose of the share issue

Personal and employment tax

There are several conditions around shares being issued under EIS. One of these conditions is that the relevant shares (see E3.117) must be issued in order to raise money for the purpose of a qualifying business activity so as to promote business growth and development¹. For more on a 'qualifying business activity',

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C1.106 Allowable capital losses

I7.323 APR and successions

B5.301 Intellectual property—overview

B4.130 Summary of OECD guidelines on arm's length principle

A4.214 Claims following further assessments—income tax and capital gains tax

E8.810 Application for a National Insurance number

B2.413 Car hire

A4.557 Late filing penalties—company tax returns

E5.406 Employees of European Union delegations—tax exemptions

B5.820 Charity's profits of trade—general liability to income tax

D2.250 Group relief—limited rights, variable rights and options attaching to ordinary shares

C2.108 Contingent liabilities

E4.1118 Calculation and payment of tax due on retrospective income

I8.335 Valuation on death of partner in service

B2.319 Duality of purpose—apportionment of the expenditure

D1.404B Large company definition for R&D tax relief

C3.1705 Non-qualifying tax years, and disposals of a main home under NRCGT

B3.1006 The relevant interest

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

E1.416 Dividends from non-UK resident companies—general