Meeting points

TaxAid conference 'Tax incentives for business' 23 February 2007 reported by Rebecca Cave director of Taxwriter Ltd.

Speakers quoted:
Andrew Hubbard tax director Tenon Ltd
Mark Ward tax lecturer and partner with PTP
Andrew Burgess senior lecturer for Mercia

Managing EIS funds

Andrew Hubbard has a tip for companies who have raised money under the enterprise investment scheme: keep those funds in a separate bank account so it is easy to prove that all the money has been used for a qualifying purpose within the required time limits.

Claim for loss relief lost

When an unquoted trading company goes bust the shareholders can elect under TA 1988 s 574 for the capital loss they suffer to be relieved as an income tax loss. However Andrew Hubbard said that only the shareholders who subscribed for the shares may claim...