EIS, SEIS, VCT and SITR
Reliefs and allowances
| Investor limits | 2020/21 | 2019/20 |
| Enterprise investment scheme (EIS) up to | £1 million * | £1 million |
| Seed enterprise investment scheme (SEIS) up to | £100,000 | £100,000 |
| Venture capital trust (VCT) up to | £200,000 | £200,000 |
| Social investment tax relief (SITR) | £1 million | £1 million |
* Investment limit increases for investment in knowledge-intensive companies receiving investments under EIS rules. The annual limit for individuals investing in knowledge-intensive companies under the EIS will be increased to £2 million, provided that anything above £1 million is invested in knowledge-intensive companies. The annual EIS and VCT limit on the amount of tax-advantaged investments a knowledge-intensive company may receive will be increased to £10 million.SEIS attracts tax relief at a rate of 50% with an overall investment limit for the company of £150,000 while EIS, VCT and Social investment tax relief investments attract relief at a 30% rate.
SITR relief is available for relief at 30% on investments in certain social enterprises, including charities, with a lifetime limit for the social enterprise of up to £1 million.
With all of these reliefs there are many rules to be complied with. Please seek our advice.
Find out what we can do for you
If you have any questions, or would like to find out how we can help you or your business, give us a call on 01582 540800 and book a free appointment today. Alternatively, you can get in touch with us by filling in our contact form.