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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?