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Where Taxpayers and Advisers Meet

Does a CVA debt to equity swap shares qualify for EIS

jjjjjjjjjj
Posts:19
Joined:Wed Aug 28, 2013 9:04 pm
Does a CVA debt to equity swap shares qualify for EIS

Postby jjjjjjjjjj » Sun Nov 29, 2020 4:07 pm

I purchased some EIS shares in Chilango about 3 years ago.
I also bought their bond (loaned them some money). Recently they got into financial hardship so it was agreed under a CVA to switch all creditors to shareholders in a debt to equity swap.
I know my original shares are eligible for EIS loss relief.
Are the debt to equity shares:
1. Eligible for EIS relief?
2. Eligible for EIS loss relief?

Thanks for your help

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