I assume you’ve heard of the Enterprise Investment Scheme (EIS). By coincidence, it had a mention in our Issue 35. Enter in 2012/13 the new SEIS will offer income tax relief at up to 50% of the sum invested instead of the 30% ordinary EIS relief. It will also offer capital gains tax exemption on gains made in 2012/13 where the gains are re-invested in SEIS companies. In theory, this could represent up to 78% tax relief. Not bad.
Whenever we’ve mentioned EIS we’ve also said that there are various conditions to be met by the individual investor and the company in which the investment is made. The same is true of SEIS. We won’t weary you with the details just yet; there may, anyway, be changes before it all actually happens. Essentially, the SEIS is like a baby EIS. Smaller figures all round. The capital gains tax deferral for EIS investors often attracts interest and the proposed exemption for SEIS investors is also likely to do so. If you’re trying to raise capital from private investors or you’re an investor seeking to shelter a capital gain please feel free to contact us for more details.
"A reliable, smart, accurate and efficient service. We have been using the Alexander & Co payroll bureau for… Read More
Daniel Weidenbaum Group Finance Director Trumeter Technologies Ltd
We decided to transfer our Audit this year to Gary Kramrisch and his team at Alexanders and having… Read More
Andy Beswick Vinyl Compounds Ltd
We were introduced to and appointed Alexander & Co as our auditors during the past year, their audit… Read More
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.