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enterprise investment scheme

Are you a business owner searching for outside equity investors through an Enterprise Investment Scheme (EIS) scheme?

Or are you an investor looking for advice on the tax benefits of EIS investments?

In any case, here is some advice on how an EIS scheme can benefit your business.

An EIS is a UK government scheme designed to provide tax relief for business expansions.

Since the Enterprise Investment Scheme was first launched in 1993-94, 29,770 companies have received investment and over £20 billion worth of funds have been raised.  

Also, the Government is planning on introducing a new EIS in 2020. We will keep an eye on the development here and keep you informed in the coming months.

To benefit from the scheme, you need to apply to HMRC for EIS advance assurance. HMRC has several requirements you need to fulfil and can reject applications if they are filled incorrectly. For example, your company can not be trading on a recognised stock exchange and can not plan to do so in the future if you intend to apply for the EIS. 

Investors are offered capital gains and income tax reliefs if they invest in smaller trading companies that are unquoted. 

At the time of writing, the income tax relief rate stands at 30 %.

There is no minimum amount. 

However, the maximum for an individual investor is £1 million, whereas the overall ceiling from a group of investors sits at £5 million.

We are more than happy to help you with EIS, whether it is advice, information, or helping you do your legal due diligence. 

Our team of experts are always on hand to answer your queries. 

If you want to learn more, get in touch.

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