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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


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