UHY Ross Brooke Chartered Accountants
HMRC have recently updated their guidance for companies looking to attract investors to buy shares in their company. If structured correctly, and if the company qualifies under the Enterprise Investment Scheme (EIS) or the Seed EIS rules, the investors can potentially take advantage of a number of generous tax breaks.
HMRC have updated their guidance to companies applying for Advance Assurance that the company seeking finance qualifies for one of the generous venture capital tax reliefs that are currently available. Individual investors may obtain an income tax deduction of 50% if the company qualifies for Seed Enterprise Investment Scheme (SEIS)
The SEIS was created to encourage individuals and other businesses to invest in new enterprise and entrepreneurship in return for tax incentives. Under the scheme, individuals can invest a maximum of £100,000 in a single tax year, which can be spread over a number of companies. In return they
Our tax manager Claire was recently approached by an individual who had realised a capital gain of approximately £100,000 and was faced with a forthcoming tax liability of approximately £25,000. His friend had recommended him to Ross Brooke and he asked us if there was any way that he could mitigate