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Where Taxpayers and Advisers Meet

If I lend money to a company does it affect my EIS eligibility

dominoman
Posts:60
Joined:Fri Jan 15, 2016 6:41 pm
If I lend money to a company does it affect my EIS eligibility

Postby dominoman » Mon Nov 23, 2020 6:08 pm

A company that I invested in a year ago is more issuing a two year Medium Term Note paying 10% interest. I'm thinking to lend them money but I have heard that this can affect both my existing EIS and future EIS. Is that correct?

dominoman
Posts:60
Joined:Fri Jan 15, 2016 6:41 pm

Re: If I lend money to a company does it affect my EIS eligibility

Postby dominoman » Tue Jan 05, 2021 11:21 am

Anyone have a view on this?

pawncob
Posts:5090
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: If I lend money to a company does it affect my EIS eligibility

Postby pawncob » Tue Jan 05, 2021 11:42 am

As long as you're not connected to the borrowing company you should be OK.
http://www.seedrs.com/learn/guides/eis-tax-relief#rules-for-investors
With a pinch of salt take what I say, but don't exceed your RDA


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