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Michael Paul Accountants

Seed Enterprise Investment Scheme

4th May 2012

From 6 April new companies can receive up to £100,000 in way of investment by offering new shares in their ventures. For the investor in what are often inherently risky ventures there is on offer tax relief of 50 per cent of the amount invested plus if they have made a capital gain on an asset this year which they invest in the scheme they will will be exempt from paying Capital Gains Tax on that asset. This potentially gives effective tax relief of 78%.

Furthermore, a disposal of shares held under the scheme will be exempt from Capital Gains Tax after a 3 year qualifying period.

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