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EIS, SEIS, VCT and SITR

Reliefs and allowances: 

  2019/20 2018/19
  Enterprise investment scheme (EIS) up to £1 million * £1 million
  Seed enterprise investment scheme (SEIS) up to £100,000 £100,000
 Venture capital trust (VCT) up to £200,000 * £200,000
Social investment tax relief (SITR) £1 million £1 million
* Investment limit increases for investment in knowledge-intensive companies receiving investments under the EIS and VCTs rules. The annual limit for individuals investing in knowledge-intensive companies under the EIS will be increased to £2 million, provided that anything above £1 million is invested in knowledge-intensive companies. The annual EIS and VCT limit on the amount of tax-advantaged investments a knowledge-intensive company may receive will be increased to £10 million.

SEIS attracts tax relief at a rate of 30% while EIS, VCT and Social investment tax relief investments attract relief at a 50% rate.

SITR relief is available for relief at 30% on investments in certain social enterprises (including charities) up to £1.5 million. Capital gains, which are exempt on disposal, from the disposal of other assets may be able to be deferred by making a SITR investment up to the £1.5 million limit.

With all of these reliefs there are many rules to be complied with. Please seek our advice.

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