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.