EIS, SEIS, VCT and SITR
Reliefs and allowances:
|Enterprise investment scheme (EIS) up to||£1,000,000||£1,000,000|
|Seed enterprise investment scheme (SEIS) up to||£100,000||£100,000|
|Venture capital trust (VCT) up to||£200,000||£200,000|
|Social investment tax relief (SITR)||£1,000,000||£1,000,000|
SEIS attracts tax relief at a rate of 30% while EIS, VCT and Social investment tax relief investments attract relief at a 50% rate.
SITR relief is available for relief at 30% on investments in certain social enterprises (including charities) up to £1.5 million. Capital gains, which are exempt on disposal, from the disposal of other assets may be able to be deferred by making a SITR investment up to the £1.5 million limit.
With all of these reliefs there are many rules to be complied with. Please seek our advice.