What are tax benefits of an EIS investment?
- 30% income tax relief.
- No capital gains tax on disposal.
- Deferral of tax on other capital gains.
What are the investment limits for individuals?
- The first £500,000 invested in any one tax year will qualify for income tax relief and capital gains tax exemption.
- The maximum income tax relief available to an individual is £150,000 in each tax year.
Are there any other conditions?
- What is a 'qualifying company'?
- What is a 'qualifying trade'?
- What are 'eligible shares'?
- Who are 'qualifying individuals'?
How we can help?
- At Charles Russell, we have in-depth experience of acquiring EIS status for companies and in particular in dealing with HMRC.
- The firm is a member of the enterprise investment scheme association ("eisa") recognised by the Treasury and HMRC as the official trade body for the EIS industry.
- We offer a full-service when it comes to dealing with EIS needs, with experts in all the relevant fields such as Corporate Tax, Corporate/Commercial, Company Secretarial as well as Private Client, Intellectual Property and Employment law advisers where required.
- For the acquisition of EIS status, we have three fixed cost streams which will apply depending on the level of perceived technical/commercial issues that could complicate the acquisition of EIS status. This will be agreed on a case-by-case basis.
- We also welcome enquires to assist with technical queries as they arise in relation to companies already with EIS status.
- If you require our services then we would be happy to discuss your EIS needs with you.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
