HMRC have updated their Venture Capital Schemes Manual to include their interpretation of section 250 of the Income Tax Act 2007 with regard to partnerships. HMRC’s view is that whilst shares issued in the name of nominees and bare trusts enable the beneficial owner to claim EIS relief, this treatment does not apply to partners in a partnership.  

For more details see: http://www.hmrc.gov.uk/manuals/vcmmanual/VCM74060.htm