VCM26350 - Enterprise Investment Scheme (EIS): Income Tax relief: Value received - replacement in cash

ICTA/S300A (5); ITA/S222(5)

The payments referred to in VCM26340 are payments of the following types:

• a reasonable payment for goods, services or facilities,
• a payment of interest on normal commercial terms,
• a payment of a dividend which does not exceed a normal return on the investment,
• a payment for an asset not exceeding its market value,
• a payment of rent on normal commercial terms,
• a payment to discharge a trade debt.