Read Time:
3 minutes
Published:
October 9, 2024
SEIS investment up 188% since Labour won Election
The amount invested in SEIS funds through Wealth Club this year was almost three times higher than in the same period in 2023
Read Time:
3 minutes
Published:
October 9, 2024
The amount invested in SEIS funds through Wealth Club this year was almost three times higher than in the same period in 2023
As new initiatives information comes to hand from central government and the various departments like HMRC and the Treasury we will update you on the one’s we see as important to our current clients and potential new clients via the Kaizen Accountancy section of our website. So, keep visiting this part of our website so that you remain updated on any recent news and please get in touch with us if you want any help or more information.
Flows of new money into the Seed Enterprise Investment Scheme (SEIS) have surged in the two months since Labour won the general election. Between 5 July and the end of August 2024, the amount invested in SEIS funds through Wealth Club was almost three times higher than in the same period in 2023 and the number of investors has also trebled.
This increase in investment has been driven by fears of Budget tax increases as investors look to diversify their portfolios. With rumours of capital gains tax (CGT) and other tax rises hitting higher earners, SEIS is one of the most tax efficient vehicles available to this investor profile at the moment.
SEIS is a government-backed scheme that gives experienced investors very generous tax reliefs when they invest in early-stage UK companies. SEIS investors get up to 50% income tax relief and 50% CGT relief which could mean a £100,000 investment could cost as little as £48,000. Any gains are also tax free meaning generous returns on sums invested.
If you need help with SEIS, call us on 01482 772261 or email us. We will be very happy to help you with any query you may have or come and see you for a no cost initial consultation.
Paul Luen
|
Coptrz, Lucava
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