EIS Tax relief5 Dec 2017 14:19
I have held EIS eligible placing shares for a little over 2 years. I'm not best pleased with the following from the tender offer circular: .4 The Enterprise Investment Scheme Shareholders who have acquired their Shares through the UK�s Enterprise Investment Scheme but who have not held their Shares for the full three year qualifying period at the time of disposal will lose some or all of the UK income tax and capital gains tax reliefs which would have been available had that three year holding period been completed. This will be the case for every such Shareholder if the Tender Offer is completed, whether or not he or she accepts the Tender Offer. Such Shareholders are strongly recommended to consult their own professional advisers immediately for advice on the UK taxation implications of the Tender Offer for them. Can anyone shed any light as to why EIS benefits will be lost, and which (if any) benefits will be retained?