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 the s 574 loss...