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Where Taxpayers and Advisers Meet

Entrepreneurs Relief

tinpen2019
Posts: 2
Joined: Tue Jun 04, 2019 2:53 pm

Entrepreneurs Relief

Postby tinpen2019 » Tue Jun 04, 2019 3:02 pm

Hi All

First post so hope my question is straightforward and easy to understand. I recently sold my business and enjoyed ER on the capital gain. I've been told I can defer the tax owed by investing in SEIS/ EIS qualifying businesses, is this correct?

Many thanks

Jholm
Posts: 103
Joined: Mon Mar 11, 2019 4:22 pm

Re: Entrepreneurs Relief

Postby Jholm » Thu Jun 06, 2019 9:11 am

Yes.

https://www.gov.uk/government/publications/enterprise-investment-scheme-and-capital-gains-tax-hs297-self-assessment-helpsheet/hs297-enterprise-investment-scheme-and-capital-gains-tax-2019

tinpen2019
Posts: 2
Joined: Tue Jun 04, 2019 2:53 pm

Re: Entrepreneurs Relief

Postby tinpen2019 » Tue Jun 11, 2019 9:32 am

Thanks

AGoodman
Posts: 886
Joined: Fri May 16, 2014 3:47 pm

Re: Entrepreneurs Relief

Postby AGoodman » Fri Jun 14, 2019 4:41 pm

This is a matter of taste but I would only go into SEIS/EIS if you are attracted to EIS on investment grounds or benefit from the income tax benefits as well.

Failing that, it seems unattractive to lock up your money in illiquid high risk investments to save 10% tax.


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