Hey there,
I have a scenario I wanted to run by the smart minds here.
I am in the process of making a £50,000 -> £100,000 into my sisters company, which has SEIS approval.
I am a web developer/designer (but I charge my services through a LTD company), and she wants to use my company to supply her company with services.
My question is, if I invest via SEIS and claim the income tax relief, and she then pays my company (I am the sole employee) to build her the website and manage the technology - will HMRC clawback the relief? And will they see as a ‘connected party’ to my sisters company? Even though I will own then 25% of her company, and it will be my business that is the supplier to her company.
Thanks in advance, and appreciate this may be a little tricky to answer.
Thanks
Alby
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