Investments

Seed Enterprise Investment Scheme (SEIS)

The SEIS was initially introduced for a limited five year period from 1 April 2012, but has since been extended indefinitely, with the income tax and capital gains tax reliefs applying as shown below for all future years.

Venture Capital Trusts (VCTs)

Investing in VCT shares gives the taxpayer 30% income tax relief on up to 200,000 invested per tax year, and the shares are generally exempt from capital gains tax when sold. However, to counter perceived abuse of the scheme, following changes were made from 6 April 2014:

tax relief is withdrawn if the shares are disposed of within five years;
the VCT will not be permitted to return capital to its members within three years of the shares being subscribed for; and
VCT investments that are linked to share buy-backs will be denied tax relief.

For more information see our …

Helpsheet on the basics of inheritance tax.
Inheritance tax calculator