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Seed investment
A new generous tax relief called Seed Enterprise Investment Scheme (SEIS) is being introduced and will apply to investments made on or after 6 April 2012. The main elements of SEIS are:
- 50% income tax relief is given on qualifying investments
- a maximum annual amount of investment of £100,000 per investor
- the maximum SEIS investment is £150,000 per company
- Capital Gains Tax is not charged for certain disposals
- the investor must not own more than 30% of the company or be an employee
- there must be no pre-arranged exit.
As with other forms of tax-advantaged investments, SEIS is hedged with conditions about qualifying trades and disqualifying events. However, this is a generous new tax relief, but where advice is required to ensure strict compliance.
As a separate development there are changes to the existing enterprise investment scheme (particularly in relation to who is a ‘connected person’), to the types of share that may be used, and to the maximum amount the company may raise. The maximum investment per individual doubles from £500,000 to £1 million.
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For more information contact Geoff Rhodes, Managing Director, on 023 8046 1200. |

