|Published||1 May 2018|
|Suitable for||Tax advisers, Investors|
Enterprise Investment Scheme
This title (previously published as Venture Capital Schemes) offers a clear explanation of the four types of venture capital relief: EIS, Seed EIS, venture capital trusts, and social investment tax relief. In each case, the author looks at the range of tax incentives offered by the legislation, including (as appropriate) income tax reliefs, CGT exemptions, CGT deferrals, and relief for losses incurred.
In relation to each scheme, the conditions for relief are examined in detail and are illustrated with helpful examples. Complicating factors are addressed as required, for example where an individual is connected in some way with the company or where tax relief has to be clawed back because the company ceases to meet the qualifying conditions.
"A comprehensive guide to the tax rules for the four venture capital schemes. ... I would certainly recommend it." – TAXline review of first edition
Andrew Rainford BA (Hons), ATT, CTA is the editor in chief of Tax for Professionals (Indicator-FL Memo). Read more here.
New for this edition:
- Fully updated up to and including FA 2018
- New risk-to-capital condition
- Advance assurance - HMRC restrictions on issuing an opinion
- Social enterprises - new anti-avoidance provisions
- More generous limits for knowledge-intensive companies
- Social investment tax relief - expansion of relief
- All examples updated as appropriate