Individuals who have not used their EIS shares entitlement in the previous tax year can treat all or part of the cost of the investments as subscribed in that year up to maximum annual investment limit for the applicable year. There is no longer a minimum investment level and the maximum per investor is £1,000,000 per annum. In the overall investment, an individual can reduce their income tax liability by 30% of the amount invested. The tax benefits of EIS shares are available when new shares are bought only, so if the existing shares of an EIS-eligible company are bought on the secondary market, then none of the tax breaks are available via EIS shares.Īt present, there are five EIS shares benefits: EIS SharesĮIS shares, otherwise known as The Enterprise Investment Scheme, was designed originally by the Government to provide investors with an incentive to invest in smaller unquoted companies. If the existing shares of an EIS-eligible company are bought on the secondary market then none of the tax breaks are available via EIS. The tax benefits of EIS are only available when new shares are bought.
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