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EIS excluded companies

Companies whose trades consist substantially (more than 20%) of the following activities are excluded from the Enterprise Investment Scheme

  • Dealing in land, in commodities or futures, or in shares, securities or other financial instruments;
  • Dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
  • Banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
  • Leasing (including letting ships on charter or other assets on hire), or receiving royalties or licence fees. Exceptions are made for intangible assets created by the issuing company or its subsidiaries;
  • Providing legal or accountancy services;
  • Farming and market gardening, woodlands and timber production;
  • Property development;
  • Operating and managing hotels and nursing homes;
  • Coal production
  • Steel production
  • Shipbuilding
  • Providing services to a connected person conducting one of the above trades

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