Ask PLC Home

Practical Law may have moderated questions and answers before publication. No answer to a question is legal advice and no lawyer-client relationship is created between the person asking the question and the person answering it. Where appropriate, you should consult your own lawyer for legal advice. Practical Law's employees are not practising solicitors or barristers. The Ask scope and rules apply.

Are there any provisions that might deny EIS relief if trades are split between companies rather than operated by a single company?

EIS query. I cannot see anything in the legislation that would prevent individuals setting up parallel companies, each carrying out the same trade and obtaining EIS relief, would you agree? For example, if instead of setting up 5 cafes owned by one company the same 3 individual shareholders decided to have 5 different companies own them there is nothing that would prevent relief or aggregate those 5 companies e.g. for the purposes of the employee limit or the new £12 investment limit. Would you agree?

Anonymous (Private practice)

Request a free trial

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail

A free trial will give you:

Unlimited access to Practical Law online know-how
Thousands of market standard documents and clauses
Daily alerts and weekly update e-mails on key legal developments in your practice area


Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1248226242965", "objName" : "Are there any provisions that might deny EIS relief if trades ar", "userID" : "2", "objUrl" : "", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "22e97be00:15b0af9e485:43f0", "analyticsSessionCookie" : "22e97be00:15b0af9e485:43f1", "statisticSensorPath" : "" }