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The Enterprise Investment Scheme (EIS) offers generous tax reliefs in terms of Corporation Tax, Income Tax and Capital Gains Tax (CGT) to investors who subscribe to shares in companies that qualify under EIS. The scheme is available both to individual investors and corporations who wish to reduce their tax liability. |
The main benefits of EIS relate to the tax reliefs that are given as a consequence of investing in the scheme. The three main benefits are; |
- Income Tax Relief of 20%: Investors can claim tax relief of 20% of the sum invested against their income. The maximum tax credit available is £80,000 for each tax year.
- No Capital Gains on Disposal: If the shares are held for three years or more, then any capital gains which arises on disposal of the shares is tax free. Furthermore, should a loss occur on the disposal of the shares, the loss can be claimed as a capital loss or a loss against income.
- Deferral of Capital Gains Tax: EIS allows an investor to defer the capital gains tax that arises on the disposal of any asset against the EIS Share subscription. The capital gains tax due can be deferred until the EIS shares are disposed.
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This is only a brief outline and explanation of some of the different aspects of EIS. For more information on the EIS scheme and how it can benefit your business, contact us today for a free consultation on 028 9066 4278 . |
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OPUS are the leading specialists in Tax Avoidance in Northern Ireland. We offer tax efficient investment schemes that are exclusive to our practice. The schemes we offer ensure that our clients are lessening their tax burden while at the same time availing of the opportunity of a rewarding and profitable investment. |
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028 90 66 42 78 |
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