Up to 30% income tax relief is available for individuals who subscribe for qualifying shares in companies who register and qualify for the enterprise investment scheme (EIS), provided they hold those shares for a minimum of three years. This relief is available for a minimum investment of £500 and a maximum investment of £1m in any one tax year. For companies requiring funds for growth, the EIS is therefore a very useful vehicle for securing business finance from high net worth private investors. For such companies, it is possible to raise up to £10 million in any one tax year by this route. (more…)
August 22, 2012
Continuing with our detailed analysis of the tax planning opportunities that arose following the Budget 2012, we turn our attention to tax efficient investment opportunities. We already have VCTs and EIS, both of which we have covered in detail before. These were further enhanced in the Budget with a new scheme, SEIS (Seed Enterprise Investment Scheme), which is specifically aimed at start up companies. (more…)
April 30, 2012
Enhancements to the Enterprise Investment Scheme (EIS) is one of the most useful policies introduced in the 2011 Budget – for business owners and tax payers looking to shelter their income from the current 50% tax rate. In addition to the increase in income tax relief from 20 per cent to 30 per cent making it more valuable to higher rate tax payers, access to the EIS scheme has also been widened.
Continue April 26, 2011
Now it has been confirmed the 50% tax rate will be lifted in the not too distant future, how might it be possible to avoid paying it al together? Taxtalk explores some relevant tax planning opportunities.
Continue April 10, 2011