Many people have heard of the Enterprise Incentive Scheme (EIS) & Seed Enterprise Investment Scheme (SEIS) but don’t really understand what they are.
Perhaps more importantly though, most people aren’t sure whether what they are doing would come within the regime and therefore if their company would be eligible for the relief.
The EIS relief was introduced in Finance Act 2007 for small and medium sized companies (SME’s). This was extended to bring in SEIS in April 2012.
There are two main aspects associated with EIS and SEIS:
Raising funds for businesses by attracting investors with the lure of valuable tax relief
Investing in qualifying companies to obtain income tax relief and or deferment of capital gains tax liabilities
To understand more about EIS & SEIS, download our free guide