Pixel

SEIS and Family Businesses

Gary Green
Gary Green
February 10, 2015

SEIS was introduced by Chancellor George Osborne in 2013, to help entrepreneurs find funding for startups and family businesses.

More than £85 million in much-needed seed capital has been raised by entrepreneurs during the past three years.

In 2014 a bounding 581,000 new startups were registered with Companies House, with London unsurprisingly leading the way for entrepreneurs with more than 180,000 new companies.

Most employees look at investing and tax schemes, only to conclude that there are no sensible options for middle-income earners like them. With SEIS, HMRC has opened up the scope for ordinary people to save taxes and take a chance to start their own family business.

Matching A Business To An Investor

Most of the difficulty in starting an investment business is matching a decent business proposition with people who have money. This combination is difficult to find, and is why so many crowdfunding and investor matching sites and hubs have been created.

In my opinion, SEIS is the short cut and the best option of them all. SEIS removes the need to find wealthy individuals looking to take large percentages of your business. It also removes the pressure to have the next Facebook or Google as an offering just to get their attention.

So many people in the past few years have lost their jobs or found themselves restricted in their career development. So we have seen a lot of talented individuals start up their business to prove themselves. Why would anybody not consider saving income tax for themselves and their family at the same time?

Find Out How SEIS Can Help Your Family Business

While there are restrictions on share ownership for SEIS investors (no parents, spouses or children), there is no restriction on siblings. My practice here at Key Business Consultants specialises in tax savings through this scheme. We ensure that the interests of all parties are secure throughout the investment period.

The average salary in London in 2014 was £26,500, with an income tax bill of £3,300. This means that a family structured SEIS investment company will save all income tax, for up to five average earning people, for four whole tax years if planned well.

Let us show you how to unlock your tax-saving potential: contact us today.

Interested in our services?
Fill in your details and a member of our experienced team will be in touch shortly to discuss your needs.
We adhere to strict GDPR rules and do not reveal or sell your data to any third-parties. For more, please read our Privacy Policy.
Latest Insights
July 9, 2021
Stamp Duty Land Tax (SDLT) Surcharge for Non-UK Residents

Stamp Duty Land Tax (SDLT) rates have changed again for non-residents buying a home in England...

July 7, 2021
How Is Cryptocurrency Taxed & Do I Need to Fill A Self-Assessment?

Cryptocurrency may live online with no government control or borders, but if you are in the...

July 5, 2021
Venture Capital Schemes: Tax Relief Guide For Investors

When it comes to finding out what tax relief is available for investors using a venture...

July 2, 2021
Claiming Business Asset Disposal Relief in 2021

Business Asset Disposal Relief (BADR) used to be known as Entrepreneurs’ Relief before 6 April 2020....

June 30, 2021
What Is Form 17? Transfer Of Beneficial Ownership

As a general rule, the fall-back position for couples who live together with their spouse or...

June 28, 2021
Benefits of Outsourcing Your Payroll vs Doing It In-House

Many employers investigate the possibility of outsourcing their payroll function and for some it can make...

June 25, 2021
Which Pension Scheme Should You Choose For Your Employees?

Automatic enrolment for workplace pension schemes came into effect in 2012 to encourage more people to...

June 23, 2021
End-of-Year Tax Duties: The Complete Checklist For Business Owners

It is important to carry out an annual review and ensure that you have planned properly...

June 21, 2021
How Does Marriage Allowance Work & How Do I Claim?

The Marriage Allowance is available to qualifying married couples and those in a civil partnership where...

View Our latest insights »
Get the latest UK tax & business news and guidance delivered straight to your inbox
We care about the protection of your data. No spam. Unsubscribe anytime.
Copyright © 2021 Key Business Consultants LLP. Reg: E&W OC389322
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram