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Investments
Seed Enterprise Investment Scheme (SEIS)
SEIS was introduced to encourage people to invest in companies that have just started trading by offering tax reliefs to investors that buy shares in the company.
The table below shows the income and capital gains tax reliefs that apply:
| Tax Year | 2013/14 to 2022/23 | 2023/24 | 2024/25 |
| Rate of income tax relief | 50% | 50% | 50% |
| Maximum investment qualifying for income tax relief | £100,000 | £200,000 | £100,000 |
| Gains exempt from CGT relief on reinvestment in SEIS shares: | 50% | 50% | 50% |
Enterprise Investment Scheme (EIS)
EIS is available to companies that are looking to grow by offering tax reliefs to investors that buy new shares in the company.
The table below shows the income tax reliefs that apply:
| EIS | 2012/13 to 2017 | From 2018/19 |
| Rate of income tax relief | 30% | 30% |
| Maximum investment qualifying for income tax relief | £1,000,000 | £2,000,000 |
To qualify for the maximum of £2m, at least £1 million of that is invested in knowledge-intensive companies.
A gain made on the disposal of EIS shares after holding them for at least three years is exempt from CGT to the extent that full income tax relief has been claimed, and not withdrawn, on the investment.
Where the disposal proceeds from any capital gain are reinvested in a subscription for EIS shares in the four-year period that starts one year before the date of the gain, all or part of the original gain can be deferred. The deferred gain is brought back into charge on the disposal of the EIS shares or on a breach of the investment conditions
Social Investment Tax Relief (SITR)
This relief was withdrawn on 5 April 2023.
The table below shows the income and capital gains tax reliefs that apply:
| SITR | 2014/15 to 2022/23 |
| Rate of income tax relief | 30% |
| Maximum investment qualifying for income tax relief | £1,000,000 |
Venture Capital Trusts (VCTs)
VCTs were introduced to encourage people to invest in companies that have just started trading by offering tax reliefs to investors that buy shares in the company.
The figures below shows the income and capital gains tax reliefs that apply:
| VCT | |
| Rate of income tax relief | 30% |
| Maximum investment qualifying for income tax relief | £200,000 |
| Individual shareholders must be aged 18 or over. The relief applies if their shares are held for at least five years. |
For more information see our ...
- Helpsheet on the basics of inheritance tax.
- Inheritance tax calculator
What our clients say about us...
"Paul has provided accountancy services to my company for 2 years now. I can recommend Paul very highly; his skills as an accountant are highly detailed and professional and he is always available to provide advice. One aspect of the way Paul works that I greatly appreciate is a preference to meet face to face when there is a detailed conversation to be had. I personally find this more productive and is a benefit of working with a small accountancy firm that you wouldn't get with the large faceless providers."
ALISTAIR FAIRWEATHER - PROGRAMME & PROJECT MANAGER, DELIVERING/RESCUING I.T. 7 BUSINESS CHANGE WITH BUDGETS UPTO £50M INC SUPPIER MANAGEMENT
"I couldn't ask for more from Paul as an Accountant. Paul has been accountant to Work Relief Charity Recruitment for just over a year now and is proving an invaluable asset. Accurate, knowledgeable, flexible with an emphasis on service delivery, I would recommend Paul's services to any organisation looking for an accounts professional."
Neil Price - Managing Director at Work Relief Charity Recruitment
"Paul was a referral from a family member when I started my business 2 years ago. As this was the first time I had ever run my own company I was totally clueless over the financial side of matters and was worried that I may have made mistakes in any of my accounting. I needn't have worried as after enaging Paul for a set monthly fee he was always there on the end of the phone for all sorts of questions I had and no matter how trivial they were Paul gave me all the information I required and more and did an excellent and painless job at the end of my first year! Couldn't ask for any better to be honest. Just two words - hire him!!!"
Lee Westrap MBCS - Director - Bulldog IT Services
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