Background In a recent survey of some of the UK’s wealthier private investors, 41% stated that they would be prepared to invest in Small and Medium Enterprises (SMEs). Two thirds of such investors also feel confident that UK SMEs can deliver attractive levels of growth. However, frustratingly, they do not know the best way to
The business group, the Institute of Directors (IoD), has called on the government to boost entrepreneurship by simplifying key tax reliefs.. The IoD has claimed in a new report out this week that the full potential of the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) is “not fully being realised” due to
Introduction In the past, as exemplified in the recent Summer Budget, changes to the remittance rules have generally limited the scope for a non-UK domiciliary to bring foreign income or gains to the UK without incurring UK tax. Against this tide, was the introduction (in 2012) of BIR for remittance basis users. It was, and
Background An investor who has invested in either an EIS or Seed EIS company is likely to also to be able to avail themselves of Business Property Relief (BPR) for Inheritance Tax (IHT) purposes. This will be the case once the (S)EIS qualifying shares have been held for at least 2 years. What is BPR?