This new tax advantaged form of venture capital scheme was announced at the Autumn Statement 2011; it will be focused on smaller, start up companies and will provide a form of relief similar to the EIS Scheme. This scheme will make tax relief available to investors who subscribe for shares and have less than a 30% stake in the company.
The main points to note are as follows:
The main points to note are as follows:
- The type of company this applies to is one that has less than 25 employees with assets of up to £200,000 who are preparing to carry on new business