Reliefs and allowances:
|Enterprise investment scheme (EIS) up to||£1 million *||£1 million|
|Seed enterprise investment scheme (SEIS) up to||£100,000||£100,000|
|Venture capital trust (VCT) up to||£200,000 *||£200,000|
|Social investment tax relief (SITR)||£1 million||£1 million|
* Investment limit increases for investment in knowledge-intensive companies receiving investments under the EIS and VCTs rules. The annual limit for individuals investing in knowledge-intensive companies under the EIS will be increased to £2 million, provided that anything above £1 million is invested in knowledge-intensive companies. The annual EIS and VCT limit on the amount of tax-advantaged investments a knowledge-intensive company may receive will be increased to £10 million.
SEIS attracts tax relief at a rate of 30% while EIS, VCT and Social investment tax relief investments attract relief at a 50% rate.
SITR relief is available for relief at 30% on investments in certain social enterprises (including charities) up to £1.5 million. Capital gains, which are exempt on disposal, from the disposal of other assets may be able to be deferred by making a SITR investment up to the £1.5 million limit.
With all of these reliefs there are many rules to be complied with. Please seek our advice.