While the proposed SEIS is welcome, it is the revised EIS that will attract serious investors.
The birth of charismatic SEIS should not cause its older but enhanced sibling to be overlooked. The glamour factor of SEIS has grabbed headlines: ‘50% income tax relief’ and ‘CGT holiday in 2012/13’. Such interest is understandable and valid. To some new businesses this could be the catalyst they need for success. Yet for long-term impact on the business arena should not EIS in its 2012 revised version receive the most attention?
Why should EIS deserve such interest? To start with consider the government’s own Tax Information and Impact Notes. Those for EIS were published on 23 March 2011 alongside Budget 2011 ...
