VCM25050 - Enterprise Investment Scheme (EIS): Income Tax relief: Connection with the company: Outline

ICTA/S291 (2); ITA/S167

An individual is connected with a company if he or she, or any associate (see VCM25200 onwards), is:

• an employee, or
• a partner, or an employee of a partner, or
• (subject to VCM25060)
• a director, or
• a director of a company which is a partner of the company, or of any company which is at any time in the three year straddling period(ICTA)/, Period A(ITA), formerly the five year relevant period - see VCM20600), a subsidiary of that company.

For this purpose, “director” has the wide meaning given in ICTA/S417 (5) - see CTM60180.