Which trades don’t qualify for SEIS and EIS?
Most trades qualify, including R&D and preparations for trading, but some trades are specifically banned from claiming SEIS and EIS:
- dealing in land, in commodities or futures or in shares, securities or other financial instruments
- dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution
- banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities
- leasing (including letting ships on charter or other assets on hire)
- receiving royalties or licence fees
- providing legal or accountancy services
- property development
- farming or market gardening
- holding, managing or occupying woodlands, any other forestry activities or timber production
- shipbuilding
- producing coal
- producing steel
- operating or managing hotels or comparable establishments or managing property used as an hotel or comparable establishment
- operating or managing nursing homes or residential care homes or managing property used as a nursing home or residential care home
- the subsidised generation or export of electricity
- any activities which are excluded activities under ITA07/S199 (provision of services or facilities for another business)