Seed Enterprise Investment Scheme
One of the key advantages offered under the SEIS scheme is that Capital Gains being merely rolled over against SEIS qualifying shares are partially exempted from tax, rather than purely creating the deferral that would be obtained under EIS. 50% of the reinvested gain is exempt from CGT with the balance available for rollover
A company raising funds under SEIS can also raise funds under EIS once 70% of the funds raised under SEIS have been spent. Companies that have previously claimed EIS or received investment from a VCT are not eligible for SEIS.
As with all fund raising the complications are in the detail of matching the correct funds with the right venture, which is where the partners of Beavis Morgan have the experience to assist.
If you would like to find out more, please contact Steve Govey or your usual Beavis Morgan Partner.