Investment Schemes

Question 1

what are the conditions for the EIS Scheme

Answer 1

• tax relief of 30%
• can carry back relief to previous year

conditions needed to satisfy:
- investor needs to buying new shares in a qualifying company and independent of company
- not employee or director of company
- conditions must be satisfied for 2 years before relief and 3 years after.

Question 2

conditions for SEIS relief?

Answer 2

• 50% tax relief
  -investor needs to buying new shares in a qualifying company
• not be employee but can be director
• conditions must be satisfied for 2 years before relief and 3 years after.

Question 3

VCT

Answer 3

• 30% tax relief
• dividends received from VCT are exempt up to £200k per year.