Investors’ relief (IR) in TCGA 1992 ss 169VA–169VY was introduced by FA 2016 and it draws on elements from both the entrepreneurs’ relief (ER) (now business assets disposal relief (BADR)) and enterprise investment scheme (EIS) legislation. It is aimed at encouraging entrepreneurial investors to inject new capital investment into unquoted trading companies in situations where the BADR or EIS/SEIS reliefs do not apply (see below under ‘When might the relief apply?’).
The relief is generous. Gains of up to a lifetime limit of £10m on qualifying shares are eligible for relief. IR qualifying gains are taxable at a maximum of 10%.
Since its appearance on the statute book IR has maintained a relatively low profile and could...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Investors’ relief (IR) in TCGA 1992 ss 169VA–169VY was introduced by FA 2016 and it draws on elements from both the entrepreneurs’ relief (ER) (now business assets disposal relief (BADR)) and enterprise investment scheme (EIS) legislation. It is aimed at encouraging entrepreneurial investors to inject new capital investment into unquoted trading companies in situations where the BADR or EIS/SEIS reliefs do not apply (see below under ‘When might the relief apply?’).
The relief is generous. Gains of up to a lifetime limit of £10m on qualifying shares are eligible for relief. IR qualifying gains are taxable at a maximum of 10%.
Since its appearance on the statute book IR has maintained a relatively low profile and could...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: