TAX RELIEFS – REWARDS FOR SMART INVESTMENTS!
Changing times call for a revolutionary change in measures. Many countries have realised that the economic growth or its sustenance depends not just on its larger corporations and enterprises but also in the encouragement and advancement of smaller companies. Entrepreneurship is the new step in the evolution of stronger economies. Identifying such potentials and furthering their development seems to be the topmost priority of many countries and the UK is at the forefront. In April 2012, the UK government introduced a range of benefits for those who invest in the early stage or start-up companies.
The Seed Enterprise Investment Scheme that was introduced has revolutionised the entrepreneurial scene in the UK. This scheme serves to offer an impressive array of benefits to regular investors or those who wish to aid their friends and family by funding their dream projects. In the 2014 Budget, the Tax reliefs for such funding have been made permanent, making it one of the most beneficial opportunities for investors.
- The shares are held in a Qualifying company for a minimum period of three years post issue.
- The SEIS Income Tax Relief has not been withdrawn.