SEIS for startup

[LiamW]

Hi,

I have a limited company for my consulting business that was formed about 8 years ago. I am in the process of launching a new internet startup and want to form a separate business that will meet the criteria for SEIS. Is it acceptable for my existing company to fund some of the startup costs (R&D development etc) and if so, should it be formalised as a loan? If it's a loan, does that have any impact on eligibility for SEIS?

Thanks,

Liam

[LozaACCS]

I think HMRC would want to see the loan agreement, to ensure your aggregated interest cannot exceed 30%, (on the assumption that the other company is an associate).
You could seek clearance from the EIS office.