The Enterprise Investment Scheme Association (EISA) has launched a guide to help advisers understand and explain the Enterprise Investment Scheme (EIS) changes in Chancellor Philip Hammond's first Autumn Budget.
The free guide EIS: new landscape, new opportunities explains the background to all the Budget's changes, including why capital preservation schemes will no longer be able to capitalise on the benefits associated with EIS. The headline change in the Budget means an investor will be able to enjoy double the initial income tax relief in EIS - £600,000 - as of 6 April 2018. The caveat of the doubled relief limit, however, is that any amount above the first £1m must be invested in "knowledge-intensive" companies. Register for PA's upcoming webinar - Why the future's now the future for tax...
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