InfraStrata Receives Advance Assurance for for VCT & EIS Status

Source: www.gulfoilandgas.com 1/26/2017, Location: Europe

The Board of InfraStrata plc, the independent gas storage company, has received advance assurance from HM Revenue and Customs that it would qualify for Venture Capital Trust Scheme (VCT) and Enterprise Investment Scheme (EIS) status.

VCT and EIS qualification provides a range of tax reliefs to certain investors in new shares of companies that meet the various qualifying criteria. Assurance has been provided by HM Revenue and Customs on the basis of the legislation enacted at the date of issue of the assurance.

Commenting on the assurance, Anita Gardiner, InfraStrata's Joint Managing Director, said: "We are pleased to have received the advance assurance from HM Revenue and Customs. Qualifying for VCT and EIS status enables InfraStrata to access a broader range of potential investors and investment funds, assisting our previously stated plans to raise further finance for the Islandmagee gas storage project".


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