Income Tax Act 2007 section 180

Overview of Chapter

Section 180 provides an overview of the requirements that an issuing company must satisfy to be treated as a qualifying company for the purposes of the Enterprise Investment Scheme (EIS).

  • The company must meet threshold conditions including having a UK permanent establishment, being financially healthy, and carrying on a qualifying trade
  • The company must be unquoted and satisfy requirements around control, independence, gross assets, and employee numbers
  • Any subsidiaries must meet qualifying subsidiary and property managing subsidiary requirements
  • These requirements mirror, as far as possible, the equivalent conditions for the Venture Capital Trust (VCT) scheme

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