EIS RELIEF DISCLOSURE NOTICES OVERTURNED

摘要

Bell v Revenue and Customs [2016] UKFTT 183 considered an appeal by Nigel Bell against two closure notices disallowing enterprise investment scheme (EIS) relief. In January 2008, Bell acquired ordinary shares in Adande Refrigeration, constituting a qualifying investment under the EIS. In February 2008, he became a paid director of the company and made further qualifying investments in ordinary shares of the company in July 2008 and August 2010.