I have recently had an EIS company exit meaning that around £100k of (two-year qualified) BPR is now in cash.
I would like to reinvest in some BPR as soon as possible to preserve the IHT protection should I pop my clogs at any moment. My questions are:
1) Is it necessary to reinvest the entire proceeds (i.e. all £100k) or can I hold some back as spending money?
2) Is it necessary to reinvest the entire proceeds in one single company or can I split it across several companies?
Thanks,
Adam
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