Shoosmiths LLP
  April 28, 2009 -

Enterprise Investment Schemes (EIS)

EIS is a direct investment in a small unquoted company, which meets strict HMRC criteria. The tax advantages of such an investment are:

  • Income tax relief at 20% on a maximum investment of £500,000.
  • Exempt from capital gains tax if held for more than 3 years
  • Relief for capital loss on disposal
  • Can be used to defer payment of capital gains tax on gains realised elsewhere (time limits apply).