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EIS, SEIS, VCT and SITR

Reliefs and allowances

 Investor limits 2020/21 2019/20
  Enterprise investment scheme (EIS) up to £1 million * £1 million
  Seed enterprise investment scheme (SEIS) up to £100,000 £100,000
 Venture capital trust (VCT) up to £200,000 £200,000
Social investment tax relief (SITR) £1 million £1 million
* Investment limit increases for investment in knowledge-intensive companies receiving investments under EIS rules. The annual limit for individuals investing in knowledge-intensive companies under the EIS will be increased to £2 million, provided that anything above £1 million is invested in knowledge-intensive companies. The annual EIS and VCT limit on the amount of tax-advantaged investments a knowledge-intensive company may receive will be increased to £10 million.SEIS attracts tax relief at a rate of 50% with an overall investment limit for the company of £150,000 while EIS, VCT and Social investment tax relief investments attract relief at a 30% rate.

SITR relief is available for relief at 30% on investments in certain social enterprises, including charities, with a lifetime limit for the social enterprise of up to £1 million.

With all of these reliefs there are many rules to be complied with. Please seek our advice.

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