EIS guide

Learning objectives Steps after reading Helpful resources www.micap.com MICAP is a provider of quality independent due diligence and research on tax-advantaged investments Claim your CPD This guide is accredited for structured CPD by the CISI, PFS and CII and readers of the guide can claim one hour of CPD for each hour spent reading the guide, up to a total of four hours. In order to claim CPD, readers will need to complete a short online test For more details on claiming CPD go to: • intelligent-partnership.com/cpd Educational content is also available from Intelligent Partnership, which produces a regular CPD accredited EIS report. The reports are available at: • intelligent-partnership.com/research- format/publications Provide Feedback Intelligent Partnership actively welcomes feedback, thoughts and comments to help shape the development of this guide. This guide is produced on a regular basis. Feedback can be given on the website or via email: • Intelligent-partnership.com/feedback • Guides@intelligent-partnership.com How did you do? • Apply the main rules and practicalities that govern the EIS reliefs available: Rules are covered from pages 22-33, with practicalities on pages 42-43. • Explain the main risks associated with EIS: Investment risks; liquidity; exit risk; and tax risks. More detail is on pages 6-7. • Define the key aspects to be taken into account when considering client suitability: Covered on pages 44-48, including a flowchart indicating when an investment may be appropriate. • Conduct discussions for claiming EIS tax relief: The processes required are explained on pages 34-36. • Evaluate the main considerations for an EIS investment and investment provider: The research required is covered on pages 49-54. • Access planning examples that can apply to real-life situations: A series of case studies appears on pages 55-63. • Ascertain the circumstances in which EIS reliefs can be withdrawn: Covered within the Rules section on pages 22-33, these include instances such as changes to the investee company’s activities. Participation and feedback are gratefully received www.eisa.org.uk The official trade body for the Enterprise Investment Scheme, EISA is a not-for-profit organisation whose core aim is to help SMEs obtain the funding they need to grow About Intelligent Partnership Intelligent Partnership is the UK’s leading provider of insights and education in the tax advantaged and alternative investments space. We provide a suite of materials to keep advisers and industry professionals up to date with the latest developments and on course to meet their training and CPD targets. Our range of engaging, accessible and CPD accredited resources includes: E-LEARNING A series of e-learning courses for regulated advisers, paraplanners, accountants and solicitors that require a recognised level of knowledge and understanding in all areas of Tax and Estate Planning. Visit: www.intelligent-partnership.com/e-learning SHOWCASES Free events across the country, giving advisers the opportunity to build their knowledge of tax wrappers and less mainstream asset classes and ask questions. Providers present their investment opportunities on a like for like basis. For information about an event near you, go to: www.intelligent-partnership.com WEEKLY INVESTMENT BRIEFINGS A weekly snapshot of the latest articles, commentary and market data for financial services professionals, in two easy-to-read briefings on Tax Efficient Investments and Alternative Finance. Visit https://intelligent-partnership.com/investment-briefing-sign-up/ PROVIDER SPOTLIGHTS A deeper dive into individual providers giving their input on particular market issues and more detail on the strategies and offerings they have developed to address them. INDUSTRY REPORTS Free, award winning series including EIS, VCT, BR and AIM Reports offering ongoing observations and intelligence, the latest thoughts and opinions of managers and providers and a comparison of open investment opportunities. Visit: www.intelligent-partnership.com/research-format/publications