Subject to various conditions, such investments attract income tax relief. Contributions may be carried back by one tax year provided the maximum amount for which relief is sought is not exceeded.
More importantly, they will attract unlimited CGT ‘deferral relief’ on the investment of chargeable gains, delaying tax which would otherwise be payable on disposals.
Seed EIS is available only for investments in start up companies and has more restrictive conditions. It provides both income tax relief and a capital gains tax shelter on the funds invested.
Speak to us to see how the above schemes could help you.