View more on these topics

SEIS is made permanent

The seed enterprise investment scheme is to be made permanent.

Introduced in 2012, the SEIS invests in smaller companies than the EIS and offers higher reliefs. It was originally due to expire on 5 April 2017 but will now become a permanent part of the financial planning landscape.

In his speech, Chancellor George Osborne said: “Two years ago, I launched the seed enterprise investment scheme to help finance start-ups. It’s been a great success and I’m making it permanent.”

The Government will also explore options for all EIS and VCT reliefs to apply where individuals make investments in the form of convertible loans.

Smith & Williamson national tax partner Tina Riches says: “Removing the time limit from SEIS and making the CGT relief for reinvesting gains in SEIS shares permanent is excellent news for those involved in the economic recovery.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com