Barnard Castle Phone: 01833 630400 Shotley Bridge Phone: 01207 507000

Tax Rates & Allowances

Investments

Seed Enterprise Investment Scheme (SEIS)

The SEIS was introduced for a limited five year period from 1 April 2012. The SEIS has now been made permanent, with the income tax and capital gains tax reliefs applying as shown below for all future years.

SEIS2013/142014/15
Rate of income tax relief 50% 50%
Maximum investment qualifying for income tax relief £100,000 £100,000
Gains exempt from CGT relief on investment in SEIS shares: 50% 50%

 

Venture Capital Trusts (VCTs)

Investing in VCT shares gives the taxpayer 30% income tax relief on up to £200,000 invested per tax year, and the shares are generally exempt from capital gains tax when sold. However, the Government thinks that VCTs have been abused, so the following changes will be made from 6 April 2014:

  • tax relief is withdrawn if the shares are disposed of within five years;
  • the VCT will not be permitted to return capital to its members within three years of the shares being subscribed for; and
  • VCT investments that are linked to share buy-backs will be denied tax relief.

 

For more information see our ...

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2014 Teesdale Business Awards

Butler and Gee were once again proud to sponsor and support the Teesdale Business awards held in February 2015. The awards are a fantastic way to recognise the success of local entrepreneurs in various different fields and sectors. The ceremony...

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Our Offices

  •  

    7 Newgate
    Barnard Castle
    County Durham
    DL12 8NQ

  • Shotley Bridge Office

     

    7 Front Street
    Shotley Bridge
    Consett
    County Durham
    DH8 0HH 

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