Enterprise Investment Trust

The government is encouraging people to invest in UK small companies by offering valuable tax breaks through an Enterprise Investment Scheme (EIS).  Great news if you are looking to reduce your tax bill.

Putting money into an EIS could give you:

  • 30% income tax relief on EIS investments of up to £1million in any tax year – this is also available on an investment of up to £1million backdated to the previous tax year
  • Capital gains tax deferral and CGT eliminated if held at death
  • 100% inheritance tax relief (after two years as long as you still own the shares when you die)
  • Tax-free growth
  • Up to 45% loss relief
  • Remember you have to keep your investment for at least three years to retain these reliefs. The availability and extent of tax benefits depends on your personal circumstances, and is subject to change.

The above is Hart Greaves’ understanding of current legislation.

It is not advice and should not be treated as such. Investments can fall as well as rise. Past performance is no guarantee of future returns. Please contact us to discuss your options in detail.

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