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There are four government schemes designed to help small companies grow:
And finally, the topic of this article – the Seed Enterprise Investment Scheme (SEIS).
The SEIS is an incentive set up to encourage individuals to invest money into businesses that are still in their early stage. Capital investments can help a small company to grow.
All four schemes are authorised and regulated by the financial conduct authority.
Not all companies are eligible for SEIS. For a company to qualify for SEIS, it has to meet a few requirements:
If you’re unsure of whether your share issue is likely to qualify, you can just ask HMRC.
Individual investors who buy shares in a qualifying company will be eligible for some of the most generous tax reliefs offered in the UK:
With all these reliefs, you can probably see why this is one of the most popular investment schemes!
The SEIS is a great scheme for individual investors to take advantage of. Many investors prefer to invest in SEIS companies due to the greater income tax breaks than the EIS.
You can easily invest in SEIS eligible companies through:
Bear in mind, the maximum amount you can invest is £100,000
Here at TaxScouts, we can file your Self Assessment tax return for you in as little as 48 hours – SEIS tax relief included! All for just £149 – find out more here.
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