Kreis Consulting is looking to raise £7m for an enterprise investment scheme (EIS), Tomahawk Pubs Pl...
Kreis Consulting is looking to raise £7m for an enterprise investment scheme (EIS), Tomahawk Pubs Plc.
Tomahawk aims to acquire pubs with significant improvement potential, located within the M25 ring, develop them as high quality businesses and deliver shareholders a rising dividend income as well as capital growth.
Geronimo Inns Ltd will be responsible for the day-to-day management and operation of the portfolio. Tomahawk will invest in eight pubs.
Richard Eliott Lockhart, executive director of Kreis, said this is only the second dividend income producing EIS that has been launched, the first was for Independent Pharmacy Care Centres, which was also carried out by Kreis in January this year.
Lockhart said: 'EISs usually go for capital growth and a fast exit. However, if you combine asset-backed investments with the ability to provide divide income, you are moving the standard EIS product to a lower risk plane.
'EIS rules allow for more flexible tax planning for individuals and certain trusts than, for example, VCTs, where in addition to CGT deferral benefits there are substantial inheritance tax planning opportunities.
'EIS investors who would be entitled to receive the full income tax relief of up to £150,000 in each tax year on an EIS investment, should consider whether this is not a better means of getting taxed income back than film partnerships, which are popular at the moment.'
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