Insights

So if I invest in GrowthCapitalVentures I get 30% back as EIS tax relief?! Really?!

Fact not fiction

So how does it work? The UK government has a brilliant scheme to support growing businesses, like us, called the Enterprise Investment Scheme or EIS for short.

What does that mean for you?

Well, here’s an example - say you invest £1000, then you actually get £300 back. It’s a simple process and goes a little something like this:

Step 1: You invest in GrowthCapitalVentures on www.growthfunders.com

Step 2: We send you an EIS3 form

Step 3: You claim back on your self assessment tax return

Rather nicely, you can actually make a claim up to 5 years after your investment was made.

HMRC includes this payment re-issue in its calculation of your Self-Assessment tax return. Typically, repayments are made via cheque or direct transfer to your bank account.

Unfortunately (mainly for us at GrowthCapitalVentures!) this excludes anyone working here.

In a nutshell: we’re EIS-approved by HMRC and tick all their boxes.  It’s a lovely money-back scheme for investors (like you) in order to encourage success in the UK’s best start-ups and growing businesses (like us).

That was the nice ’n brief version – there’s loads more information you can find on HMRC which also includes helpful pointers on:

  • Capital gains exemption
  • Loss relief
  • Capital gains tax relief deferral.

Loss relief? If disaster struck and GrowthCapitalVentures was no more, you’d be able to claim back even more of your investment, depending on your income tax band.

We love EIS - it’s a win-win for everyone! All the more reason to check out our pitch.

To find out more about EIS – you can also download our eBook here…

A guide to the Enterprise Investment Scheme - download your copy

 

Government Health Warning:

It’s always a good idea to get a trusted professional accountant’s or tax adviser’s advice before investing in any business.  They might also see some further tax benefits for you!


 

Risk Warning

Investing in unlisted businesses (particularly start-ups and early stage) is a high risk / high return investment strategy and carries significant risks including; illiquidity, loss of capital, rarity of dividends and dilution. It should only form part a balanced investment portfolio and is targeted at investors who are sufficiently sophisticated to understand the risks involved and are capable of making their own investment decisions.

For more information please view our Risk Policy.


Driving Growth.
Creating Value.
Delivering Impact.

Backed by

Growth Capital Ventures (GCV) is backed by funds managed by Maven Capital Partners, one of the UK’s leading private equity and alternative asset managers.