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1 month ago |
taxjournal.com | Tom Wilde |Andrew Marr |Sam Epstein |Tom Margesson
The ‘no disqualifying arrangements requirement’ (ITA 2007 s 178A) was introduced into the Enterprise Investment Scheme (EIS) legislation by FA 2012 and applies to all EIS shares that have been issued since 6 April 2012. It was introduced as anti-avoidance legislation to target arrangements which the Government saw arguably rightly as outside the spirit of the legislation.
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