Income Tax – Forfeiture of relief in relation to Enterprise Investment Scheme (‘EIS’) – Acquisition of the company in which the Appellants and many others held shares, the subscription for which had qualified for EIS relief, by another company – Whether that acquisition had occasioned a fatal ‘change of control’ and a ‘disposal’ of the relevant shares, or whether the rollover provision of section 247 Income Tax Act 2007 eliminated those two results – Whether the acquiring company’s only issued shares at the time of the acquisition were ‘subscriber shares’ – Appeal dismissed
Citations:
[2014] UKFTT 426 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 12 September 2022; Ref: scu.526814
