They phoned me before Christmas about something to do with one of the actors from the inbetweeners.
Red Rock Entertainment Executive Producers – Home2
I wonder who came up with this idea of calling people to loan to the film companies for big returns?
I must be a sophisticated investor to sign up. I like Special Brew, does that count?
There are FOUR EIS primary tax reliefs as follows:
1. Income Tax Relief (30% upfront income tax relief).
2. Capital Gains Tax deferral Relief.
3. EIS Loss Relief against Income or Capital Gains
(loss set against income to reduce tax).
4. IHT Relief and Business Property Relief
(100% IHT relief after two years).
Income Tax Relief
In order to qualify for Income Tax Relief, an investor must hold a
qualifying investment for a minimum period of three years from
the date of issue, or when trade commences if later. In order
to claim IncomeTax Relief, the investor must not be deemed
connected with the issuing company. A definition of a connected
investor is contained below in Note A on page 4.
A qualifying investor will attract UK Income Tax Relief at 30% of
the investment, subject to having sufficient taxable income.
An Income Tax Saving Example
Mr. Brown has income in the tax year as a result of which he
would owe £3,000 income tax to HMRC.
If Mr. Brown were to invest £10,000 into a qualifying EIS company
in the same tax year (or the next tax year), his income tax liability
to HMRC would be reduced to zero. His investment into the EIS
company would therefore have effectively cost him £7,000 for an
investment in shares worth £10,000.