Tax advice for entrepreneurs

As investment in early-stage companies generally carries a higher degree of risk, the UK government offers a range of tax incentives to encourage investment in these businesses, which may otherwise struggle to raise finance.

Our tax specialists can help you make informed decisions on:

  • Choice of vehicle for investment, e.g.personal investment or investment via a company or partnership

  • Structuring investments under the Enterprise Investment Scheme (“EIS”) and Seed Enterprise Investment Scheme (“SEIS”)
     
  • Use of shares or share options to attract and retain key employees (see here)
     
  • Exit strategy and maximising the use of entrepreneurs’ relief, so that the first £10 million of qualifying capital gains are taxed at the reduced rate of 10% (as opposed to 20%)


EIS and SEIS can be particularly attractive to investors, with tax benefits including income tax relief equal to 30% (EIS) or 50% (SEIS) of investments up to £1,000,000 and the facility to defer paying capital gains tax on all or part of a chargeable gain by investing the proceeds in qualifying shares.

We have extensive experience of helping companies to raise funds under EIS and SEIS, including liaising with HMRC to obtain advance assurance that the business will qualify and assisting with the ongoing reporting requirements. 

We are also able to advise individual investors on their eligibility to claim tax relief under EIS and SEIS.

Our Specialists

Charlotte Burton

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About Us

Ryecroft Glenton, founded 1901, is an independent, award-winning firm of Chartered Accountants and strategic business advisers giving personalised support to every one of our clients.

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Contact Info

Address: 32 Portland Terrace Newcastle upon Tyne. NE2 1QP

Telephone: 0191 281 1292

Fax: 0191 212 0075

Email: email@ryecroft-glenton.co.uk