Autumn Statement 2011 New 50 Per Cent Relief Seed EIS
Published / Last Updated on 29/11/2011
Autumn Statement 2011 - New 50 Per Cent Relief Seed EIS.
The Chancellor confirmed in his Autumn Statement that a new enterprise scheme called the Seed Enterprise Investment Scheme is to be launched.
The scheme will offer:
- 50% Income Tax Relief on investments in the scheme
- 50% Tax Relief will be paid irrespective of your personal tax position
- Any realised gains or profits in 2012/13 can be reinvested in SEIS with no capital gains tax liability
- 50% relief granted on maximum £100,000 invested in a firm, although up to £150,000 can be invested in total if two or more invest in the same firm.
Back to: News Home