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Welcome to Arram Berlyn Gardner, London Accountants

We are a medium-sized London Accountancy firm that offers a proactive, value added, prompt, partner-led service to our extensive client base.

Since our inception in 1966 our business has been built around the above four core service values and we consistently strive to improve upon those same values today.

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Seed Enterprise Investment Scheme (SEIS)

 

Legislation is being introduced to provide for a new tax advantaged venture capital scheme, similar to the Enterprise Investment Scheme (EIS).

The new scheme – the Seed Enterprise Investment Scheme (SEIS) – will be focused on smaller, early stage companies carrying on, or preparing to carry on, a new business in a qualifying trade. The scheme will make available tax relief to investors who subscribe for shares and have a stake of less than 30 per cent in the company.

The relief will apply to shares issued on or after 6 April 2012.

The SEIS will:

apply to smaller companies, those with 25 or fewer employees and assets of up to £200,000, which are carrying on or preparing to carry on a new business;

give income tax relief worth 50 per cent of the amount invested to individual investors with a stake of less than 30 per cent in such companies, including directors who invest in their companies;

 

 

http://www.abggroup.co.uk/news-item/finance-bill-2012-draft-legislation-released


apply to subscriptions for shares, using the same definition of eligible shares as EIS (which it is proposed will be widened in Finance Bill 2012);

apply to an annual amount of investment of £100,000 per investor, with unused annual amounts able to be carried back to the previous year, as under EIS;

provide for relief within an overall tax favoured investment limit of £150,000 for the company. To give the greatest degree of flexibility, this will be a cumulative limit, not an annual limit;

provide for an exemption from CGT on gains on shares within the scope of the SEIS;

Capital Gains Tax holiday

For the first year of the new scheme, the Government will offer a capital gains tax (CGT) holiday – gains realised on the disposal of assets in 2012-13 that are invested through SEIS in the same year will be exempt from CGT.