Munzy Posted August 3, 2020 Report Share Posted August 3, 2020 Just wondered if anyone was an accountant with experience of the Seed Enterprise Investment Scheme (SEIS). After a long convo with my accountant today we were both unsure on a simple point! An investor is limited to 30% shareholding and cannot be an employee or paid director of the business or be associated with anyone that is (wife, son etc). What we find unclear is whether the investor’s wife can independently hold an additional 30% of shares. She is also unconnected with the operation of the business and will not be receiving tax relief from the SEIS. Quote Link to comment Share on other sites More sharing options...
WalkedUp Posted August 3, 2020 Report Share Posted August 3, 2020 If your accountant doesn’t know by tomorrow then you need a new accountant! We looked at SEIS but our old accountant (useless family friend) said it was too complicated 🤣 Our new accountant is brilliant and a shooting man, based in High Peak if you need a number I’ll PM. Quote Link to comment Share on other sites More sharing options...
Munzy Posted August 3, 2020 Author Report Share Posted August 3, 2020 4 minutes ago, WalkedUp said: If your accountant doesn’t know by tomorrow then you need a new accountant! We looked at SEIS but our old accountant (useless family friend) said it was too complicated 🤣 Our new accountant is brilliant and a shooting man, based in High Peak if you need a number I’ll PM. No, I’m quite happy with my accountant, it’s important to realise with any profession that people specialise in certain areas. Just thought I’d see if anyone here understands the scheme inside out. I used it five or so years ago for an investment by the share structure was very simple, this time it’s more complex. Quote Link to comment Share on other sites More sharing options...
WalkedUp Posted August 3, 2020 Report Share Posted August 3, 2020 Interesting and valid points 👍 Quote Link to comment Share on other sites More sharing options...
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