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The current tax year could be very beneficial for investments in the SEIS, says DAVID JEFFERY, but there are pitfalls
KEY POINTS
- Areas of similarity between the SEIS and the EIS.
- Note that the SEIS is specifically targeted at start-ups.
- The SEIS will also be relevant to smaller companies.
- Beware problems when subscribing for shares.
- Don’t overlook the one-off relief available for 2012/13.
The so-called seed enterprise investment scheme (SEIS) has taken effect in the present tax year after the enactment of FA 2012 and provides valuable income tax and capital gains tax reliefs. It is not the purpose of this article to consider the various facets of the relief.
Readers will be familiar with the enterprise investment scheme (EIS) which has been with us for more than 25 years – albeit known as the business expansion scheme (BES) in the early days – and there is considerable overlap with the...
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