SEIS investments

Another reminder!

To be eligible to raise funds under SEIS the company’s gross assets must be valued at no more than £200,000, and it must not have more than 25 full-time equivalent employees. The amount that can be raised is capped at £150,000 over a three year period but it can go on to raise up to £5 million per annum under EIS.

But make sure the correct form is completed. SEIS1 for SEIS relief. If an EIS1 is completed relief under SEIS for a further subscription will be denied and the relief for the initial subscription will not be as great as anticipated. Take professional advice!