More Information

EIS/SEIS

Investors are recommended to seek independent tax advice before investing in the Fund, to ensure they fully understand how any tax advantages may apply to their situation and circumstances.

Taxation depends on the individual circumstances of the Investor and may change in the future. Neither Green Angel Syndicate nor the Fund Manager gives tax advice, and Investors should consult a tax adviser appropriate to their own personal circumstances.

To obtain the tax reliefs described below, it is necessary to subscribe for shares in EIS or SEIS-Qualifying Companies and claim the relief. The summaries below are based on current law, and give only a brief outline of the tax reliefs, based on investment in the 2020/21 tax year. It does not set out all the rules which must be met by EIS or SEIS-Qualifying Companies and an Investor. The tax reliefs will only be relevant to Investors who pay UK income tax and/or wish to defer a UK Capital Gains Tax liability.

EIS Tax Reliefs

  • 30% upfront Income Tax relief
  • Possibility to carry back all or part of the investment to the preceding tax year
  • No Capital Gains Tax on realisations after three years
  • Capital Gains Tax deferral
  • Loss relief on loss-making investment against income or gains, at the Investor’s marginal tax rate, net of income tax relief received
  • Inheritance Tax relief once held for two years

SEIS Tax Reliefs

  • 50% upfront Income Tax relief
  • Possibility to carry back all or part of the investment to the preceding tax year
  • No Capital Gains Tax on realisations after three years
  • Capital Gains Tax deferral
  • Loss relief on loss-making investment against income or gains, at the investor’s marginal tax rate, net of income tax relief received
  • Capital Gains Tax reinvestment relief
  • Inheritance Tax relief once held for two years

Unapproved Fund Status

As with most EIS and/or SEIS funds, the Fund has not been approved by HMRC under Section 251 of the Income Tax Act 2007. This means that the investor can obtain EIS or SEIS Income Tax Relief only in the tax year in which investments in Qualifying EIS or SEIS Companies are made by the Fund, or in the immediately preceding tax year. Capital gains tax deferral is given by reference to the date on which the Fund makes its investments.