Chartered Management Accountants | Milton Keynes
The reliefs for venture capital trusts (VCTs), the enterprise investment scheme (EIS) and the seed enterprise investment scheme (SEIS) are similar in many respects, but there are some significant differences. The table below highlights the main reliefs.
|Annual investor limit||£200,000||£1 million*||£100,000|
|Income tax relief for subscribers||30%||30%||50%|
|Clawback if held for less than||5 years||3 years||3 years|
|Reinvestment relief period
– before gain made
– after gain made
|Tax free dividends?||Yes||No||No|
|Tax free capital gains?||Yes||Yes (after 3 years)||Yes (after 3 years)|
|Tax relief for losses?||No||Yes (after 3 years)||Yes (after 3 years)|
|IHT business property relief?||No||Yes||Yes|
We will address some crucial points on this guide, such as the taxes that need to be paid by landlords and tax-effective property ownership.
We share with you the top tips and tricks to ensure that filing the annual self-assessment form becomes as stress-free for you as possible!