Legend Fusions is the UK advisory brand evolved from Legend Financial & Tax Advisers, unifying tax, compliance, and advisory services under one international group.
Serving clients in London, Bolton, Milton Keynes and throughout the UK.
An EIS or SEIS investment is meant to reward risk. You put capital into an early-stage company. In return, HMRC offers income tax relief, CGT exemptions, and loss protection. But relief is only secure if the structure holds. We review positions where it did not.
HMRC does not warn you before withdrawing relief. They simply review, reject, and recover.
HMRC relief is withdrawn for non-compliance, not bad intentions. Avoid these common pitfalls:
We assess how capital was introduced, how shares were structured, and whether relief conditions were met before HMRC reviews the position. Ownership structure, share class rights, and compliance sequencing determine whether relief is secured or withdrawn.
Higher-rate taxpayers who have made an investment and need to correctly claim their relief.
Early-stage companies raising capital who require Advance Assurance from HMRC to attract investors.
Professionals managing compliance statements, investor certificates, and portfolio oversight.
This engagement reviews how capital is introduced, structured and deployed under SEIS and EIS so relief positions are secured before submission and monitored after issue.
✓ Trade qualification and excluded activity assessment
✓ Risk-to-capital condition review
✓ Advance assurance positioning and documentation review
✓ Share class rights and subscription term confirmation
✓ Capital deployment mapped to qualifying expenditure windows
✓ Compliance statement preparation and submission timing
✓ Income tax relief and capital gains tax deferral review
✓ Post-issue monitoring during the three-year holding period
✓ HMRC enquiry response where relief is challenged
The work focuses on statutory compliance, sequencing accuracy and relief protection under active HMRC interpretation.
We examine your investment documents, share subscription, and any existing Advance Assurance against HMRC's current rules.
We verify the company's eligibility i.e. trade test, gross assets, employee limit, and connected person rules.
We model your available relief, including income tax, CGT deferral, and potential loss relief, and advise on carry-back opportunities.
We support you in making the formal claim via Self Assessment or prepare the company's compliance statement for HMRC.
We provide ongoing oversight during the three-year holding period to flag any activities that could jeopardise your relief.
This engagement covers SEIS and EIS structuring, advance assurance positioning, compliance statement preparation and HMRC enquiry handling. It does not include investment selection, valuation advice, or regulated financial advice under FCA permissions.
“We were about to issue shares when a structuring issue was flagged that would have affected investor relief. It was resolved before the raise progressed.”
Founder, London
“I wanted clarity before claiming EIS relief. My position was reviewed properly and explained in plain terms before anything was submitted.”
Private Investor, Manchester
“Advance assurance and compliance were handled without unnecessary back-and-forth. Everything was positioned correctly from the outset.”
Finance Director, UK
Response management for HMRC enquiries, compliance checks and formal investigations.
Assessment of overseas income, residency position and UK reporting obligations.
Eligibility review and preparation of claims for qualifying research and development activity.
Structured review of income, gains and relief positions to manage exposure and filing risk.
Advisory and reporting support for asset, share and property disposals.
Estate exposure review and structuring of lifetime and succession planning positions.
Identification and application of qualifying expenditure within statutory rules.
