Time Please ! – You have less than a month to buy a low risk EIS.
|Time Please ! – You have less than a month to buy a low risk EIS with 30% income tax relief and a good forecast investment return.In the Summer Budget 2015, it was announced that acquiring an existing “trade” will no longer qualify for EIS tax reliefs. This change only affects funds raised after the Finance Bill 2015 receives Royal Assent, which is expected to be at the end of September 2015. The Company intends to close its share issue before that time.So although one month remains for investors to use EIS tax reliefs for buying pub businesses.You have less time than that as there is limited availability and we expect this EIS to sell out very quickly!Buying existing businesses is now seen as too low risk for EIS. This means that investors have a short window to take advantage of the old rules.Last Orders – Time Please !|