Budget 2011 VCT and EIS
Published / Last Updated on 23/03/2011
Changes to Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EISs)
From 6 April 2011
- EIS - Tax Relief on EIS increases from 20% to 30% on 6 April 2011
- VCT- increase in eligible shares from 30% to 70% of a VCT’s qualifying holdings that can be held in eligible shares
- VCT shares can be listed on any EU/EEA regulated stockmarket
- VCT and EIS - rules relaxed on company must carry on a qualifying trade wholly or mainly in the UK ... no wcan trade anywhere but must be based in UK
From 6 April 2012
- EIS - individual yearly investment limited raised to £1million
- VCT and EIS - qualifying company sizes to be increased to less than 250 employees and less than £15 million existing capital assets
- VCT and EIS - Maximum scheme can invest in any one comany shares is £10 million.
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