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The Seed Enterprise Investment Schemes...
The Seed Enterprise Investment Schemes maximum shareholding
The limit per investor is set at 30%, but does this mean a scheme will not qualify if another investor holds 70% or is it just that the tax breaks only apply to the investor holding 30%?
Hello, I am Keith, one of the experts on Just Answer, and happy to help you with your question.
As far as the individual is concerned, providing their shareholding does not breach the 30% limit, then the Scheme stands as far as that investor is concerned. What happens elsewhere in the share register is irrelevant. Shares must be fully paid up, however. You may not be employed by the company for three years after allocation although you may be a director, despite a director being an employee per se!
Full details of the scheme can be found here; good reading for a wet Sunday afternoon:
I do hope that my response has been of assistance to you.
many thanks, ***** ***** very helpful.
Delighted to have been of assistance.