The Seed Enterprise Investment Scheme was confirmed by the chancellor in the recent budget. This enables investors to inject up to £100,000 per year in qualifying seed businesses.
The EIS scheme (a tax break for people who invest in qualifying companies, releasing their income tax liability by 30% of the amount invested) has also increased to £1 million, with the qualifying companies extended to £5 million per annum.
With these new incentives put in place it gives greater flexibility to make investments in clients businesses. Please contact Beer & Young for more information.
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