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Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.8 Seed enterprise investment scheme /SEIS qualifying investors / E3.806 What constitutes a substantial interest in a company
Commentary

E3.806 What constitutes a substantial interest in a company


Personal and employment tax

As noted in E3.805, SEIS investors must not, at any time during period A have a substantial interest in the company1.

Substantial interest is 30% or more

An individual has a substantial interest in a company if he or she directly or indirectly possesses or is entitled to acquire in the issuing company or any subsidiary, more than 30% of the2:

  1. Ìý

    •ÌýÌýÌýÌý ordinary share capital (for meaning see D2.108), or

  2. Ìý

    •ÌýÌýÌýÌý issued share capital, or

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