EIIS - Budget 2022

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silverfox239

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Any know if the removal of the rule that 30% of an investment in an EIIS company must be spent before relief can be claimed is going to apply in this year 2021 or only from next year on ?
 
Hi Silver - as it is a budget 22 change I was assuming it would start for shares purchased after 1st jan but could be wrong on this

A company I am considering investing in is offering a 10% term equity option (pro rata) to EIIS investors should there be a sale within the current round of the EII scheme. I know with a takeover, the tax relief gets clawed back to my knowledge, so does this mean if they sell to another company, then EIIS investors will share (pro rata) 10% of the sale value?
 
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