Posted by Tax Innovations on 27 Sep 2011
Enterprise Investment Scheme Tax Reliefs to Rise
Enterprise Investment Scheme Tax Reliefs (EIS) are set to rise from 20% to 30%, with an increase in the annual investor limit doubling to £1M.
Brussels have given the Government the go ahead to backdate the rate increase for investments made since April this year, whilst the investor limit changes come into effect from April 2012.
EIS schemes are set up to encourage investment in the UK small business sector. Investors subscribe for shares in a venture capital trust or other qualifying company and can subsequently benefit from income and capital gains tax reliefs.
The Chancellor George Osborne said of the changes:
“We want to make the UK the best place to start, finance and grow a business. These changes will give a bigger tax break to those who take risks for growth and jobs in Britain by investing in the small businesses that have the potential to be fast growing.”
Enterprise Investment Scheme Tax Reliefs Services
If you would like to discuss any part of this article, please contact us for a free initial consultation.
- Property Partnership Incorporation and SDLT
- Top 10 Expat Tax Tips for Individuals Moving to the UK
- Tax Relief For Residential Mortgages
- Non-Resident Landlords – UK Tax Update
- UK Property Sales: Capital Gains Tax for Non-Residents