London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Tax relief to be extended for another year

HMRC has announced that the capital gains tax relief for investors under the Seed Enterprise Investment Scheme (SEIS) is effectively extended to 5 April 2014. 

SEIS investments offer income tax relief at 50% and the ability to defer (initially) and then exempt gains, potentially adding a further 28% relief.  The investment relief is targeted at very early stage companies.

The maximum relief will reduce to 73% from April when the top rate of income tax falls to 45%, but this still remains a very attractive relief.

It should now be possible to defer (and hopefully exempt) tax on 2012/13 gains by making an investment before 5 April 2014 and claiming the relief in 2012/13.

 

 

Date: 25th January, 2013
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Mercer & Hole’s @GudgionJa progress in @CelebJustDance - Not much longer to Waite now….. bit.ly/2gqZOZq @MKDonsSET

Mercer & Hole’s Michael Lapham impresses at the @MoneyMgmtMag Financial Planner Awards bit.ly/2yw3Ieetwitter.com/i/web/status/9…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn