‘Britain’s savers are being urged to back start-up businesses and infrastructure projects through an “astonishing” increase in tax relief on venture-capital investments, and the channelling of pension contributions into building works.
‘Britain’s savers are being urged to back start-up businesses and infrastructure projects through an “astonishing” increase in tax relief on venture-capital investments, and the channelling of pension contributions into building works.
‘Under a new seed enterprise investment scheme, private investors will be able to put up to £100,000 into fledgling companies from April and receive upfront income tax relief of 50 per cent – regardless of the rate they normally pay. In addition, any gains realised from other investments in the tax year 2012-13 will be exempted from capital gains tax if reinvested in a SEIS in the same year.
‘Blick Rothenberg, an accountancy firm, described the measure as “astonishing” as it will make backing venture capital more tax-efficient than saving in a pension.’
‘Britain’s savers are being urged to back start-up businesses and infrastructure projects through an “astonishing” increase in tax relief on venture-capital investments, and the channelling of pension contributions into building works.
‘Britain’s savers are being urged to back start-up businesses and infrastructure projects through an “astonishing” increase in tax relief on venture-capital investments, and the channelling of pension contributions into building works.
‘Under a new seed enterprise investment scheme, private investors will be able to put up to £100,000 into fledgling companies from April and receive upfront income tax relief of 50 per cent – regardless of the rate they normally pay. In addition, any gains realised from other investments in the tax year 2012-13 will be exempted from capital gains tax if reinvested in a SEIS in the same year.
‘Blick Rothenberg, an accountancy firm, described the measure as “astonishing” as it will make backing venture capital more tax-efficient than saving in a pension.’
