LONDON (Alliance News) - Inspirit Energy Holdings PLC Thursday said HM Revenue & Customs has accepted its application to join both the Enterprise Investment Scheme (EIS) and the Venture Capital Trust Scheme, which are designed to offer a range of tax reliefs for investors.
HMRC has given pre-assurance that a further issue of new shares would most likely qualify for the reliefs if the underlying conditions are the same at that point in time.
There are a number of relief options, including not being subject to capital gains tax on disposal of shares after three years provided the EIS initial income tax relief was given and not withdrawn on those shares.
Inspirit shares were trading at 1.90 pence Thursday, down 0.05 pence, or 2.6%
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
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Inspirit Energy (INSP)