Q. My client is looking at investing in enterprise investment scheme (EIS) shares in a stand-alone company that is less than a year old and has been carrying on a qualifying trade for less than one year. He is a director, who currently holds no shares, if he does this will he be able to get the relief?

A. There are numerous conditions to be met for both enterprise investment scheme (EIS) and seed enterprise investment scheme (SEIS) relief and so the following explanation only includes comments on some of the main issues. However, all conditions would need to be reviewed in detail before proceeding further.