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Once an application for shares has been made and accepted via PrimaryBid, an application cannot be withdrawn. We do not offer refunds on subscriptions. Please ensure that you read the terms and conditions as well as the offer details carefully before subscribing.

Unfortunately, you can't invest ISA or SIPP funds via PrimaryBid due to HMRC restrictions that are out of our control.

The alternative is to buy the shares from us with a debit card and transfer them to a General Investment Account for the same broker where you hold your ISA or SIPP. You can then do a "Bed & ISA", a process where you sell the shares from your investment account and then immediately buy them back with ISA or SIPP funds. There is however a tax liability on any gain and probably costs incurred from your broker for dealing. You will need to contact your broker in regards to this.

We strive to offer our users the best customer support and therefore value all feedback. This helps us to improve for the future and to understand our users better. If you need to get in touch with us, our team are here to help and resolve your query as soon as possible.

If you should wish to submit a formal complaint to PrimaryBid, please email us details of your complaint to [email protected].

Individual investors will be classified as retail clients.

Income tax relief– provided EIS qualifying shares are held for greater than three years, either from the date of issue or commencement of trading, investors with no more than a 30% equity share in the company are eligible for income tax relief worth 30% of the amount invested. A subscriber can obtain a maximum income tax relief in any year of £1 million. The minimum subscription is zero.

CGT Relief– Capital gains tax will not have to be paid on disposal of the EIS shares after three years.

CGT Deferral Relief– Capital gains tax that would be paid on a different asset can be deferred by offsetting it against the share investment. However, disposal of that other asset must be made less than three years before the EIS investment or less than one year after it.

Loss Relief– If EIS shares are disposed of at a loss at any time, then this can be set-off against an investor's:
a) capital gains; or
b) income in either:
(i) the year of disposal; or
(ii) the previous year.

Inheritance Tax Relief– After two years, shares in EIS qualifying companies will normally be eligible for Business Property Relief for Inheritance Tax purposes at rates of up to 100%.

These are the reliefs available as of 1 October 2016, and may change from time to time. As with all tax reliefs, much depends on your own circumstances so you should always take taxation advice if you are relying on EIS reliefs.

Many shares are exempt from Inheritance Tax after a holding period of 2 years under the Business Property Relief regime.

From 28 April 2014, AIM companies are exempt from Stamp Duty and Stamp Duty Reserve Tax ("SDRT").

If an investment fails or is disposed at a loss, based on the taxpayers tax rate, losses can be relieved against gains or income incurred either in the year of loss, or in the year prior to the loss, as well as in the year following the loss.

To be eligible, you must meet the following conditions:

  1. An investor must be an individual (i.e. not another company, or a VC firm etc);
  2. The investor and their associates cannot have any ‘connection’ with the company; for example, being an employee or director, a close relative (except sibling) or spouse, or having greater than 30% equity share in the company;
  3. The investor must not already hold shares in the company if they already hold shares obtained otherwise than through EIS;
  4. The investor must subscribe in cash and be issued with new ordinary shares;
  5. Investor shares must have no preferences e.g. over dividends;
  6. The investor's motive to subscribe for shares must be genuinely commercial; and
  7. The investor must not have gone over the annual EIS entitlement limit of £1 million.

IT IS ESSENTIAL THAT YOU CAREFULLY CHECK YOUR ELIGIBILITY FOR EIS BEFORE YOU SUBSCRIBE.

These are the reliefs available at 1 October 2016 they may change from time to time. As with all tax reliefs, much depends on your own circumstances so you should always take taxation advice if you are relying on EIS reliefs.

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