Most UK-based private investors can claim EIS tax relief. However, individuals connected to the company CAN NOT claim EIS tax relief. 'Connected' parties include:
- Employees or directors of the company
- Investors who (together with their 'associates') hold more than 30% of the company's share capital
- Relatives of connected persons, though not siblings
- Business partners of connected persons
- Existing shareholders whose shares are not SEIS or EIS qualifying, or subscriber shares