Tag Archive: CGT
Capital Gains Tax Reinvestment Relief
Capital Gains Tax (CGT) reinvestment relief, at 50% of the ordinary CGT rate, is available where assets are sold and all or part of the gain is invested in shares that qualify for SEIS. Reinvestment relief is available for half of the CGT on gains reinvested within the SEIS. In 2012-13 the reinvestment relief was… View Article
What is SEIS?
The Seed Enterprise Investment Scheme (SEIS) launched on 6 April 2012 by the then Chancellor, George Osborne to encourage investment in new start-ups. The scheme became permanent in 2014. The SEIS provides for extensive Income Tax and Capital Gains Tax breaks for investors to encourage investment in new businesses. However, outside of the professional investment sector,… View Article
What is Social Investment Tax Relief? (SITR)
SITR was set up in 2013-14 tax year. It is very similar to another HMRC initiative called the EIS which was set up in 1994. The tax reliefs are the same with 30% income tax relief, hold over capital gains tax deferral relief and capital gains tax exemption on disposal. It creates minimal confusion on… View Article
What is the New Investors’ Relief?
In the 2016 Budget, the Chancellor announced the extension of Entrepreneurs’ Relief. It now applies to external investors in unlisted trading companies (or holding companies of trading groups). This new relief, known as Investors’ Relief, applies a 10% rate of CGT on the disposal of ordinary shares. The shares must be in an unlisted trading… View Article
CGT Reliefs For The Investor
Capital Gains Tax Reliefs In addition to the stated income tax reliefs for investing in an SEIS, there are Capital Gains Tax (CGT) reliefs which for some taxpayers can be even more valuable. What is commonly referred to as the gold standard in CGT relief is entrepreneurs’ relief. Where entrepreneurs’ relief is available CGT of… View Article