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Morris Lane News >

From small seeds… more help for new business investment!

In its Autumn Statement, the Government announced details of a new scheme for providing tax relief on investments made in start-up companies. The Seed Enterprise Investment Scheme (SEIS), will be available from April 2012 and will run alongside the existing Enterprise Investment Scheme.
The main plus points of the new scheme are as follows:

  • Income tax relief at a rate of 50% of the investment made by an individual investor investing in shares in a qualifying company, regardless of the rate at which they pay income tax, with the maximum annual investment capped at £100,000 a year for the investor
  • A capital gains tax holiday for gains realised from the disposal of assets in 2012/2013 where the gain is reinvested through SEIS in that same year

Morris Lane, Chartered Accountants and Business Advisers based in Poole, comment:
“SEIS will make an attractive option for individuals wanting to invest in start-up companies, due to the incentive of the enhanced rate of income tax relief and the capital gains tax holiday, which compensates for any additional investment risk. The scheme should in turn help encourage entrepreneurs and contribute to the growth of our economy at a time when sourcing external finance to launch new ventures can prove difficult.”

For more information contact Michelle Cordy at Morris Lane on 01202 715950.