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.
