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Investment Reliefs

Annual investment limits

  2016/17 2015/16
Individual Savings Account (ISA) £15,240 £15,240
Junior ISA 4,080 4,080
Enterprise Investment Scheme (EIS) 1,000,000 1,000,000
Seed EIS (SEIS) 100,000 100,000
Venture Capital Trust (VCT) 200,000 200,000
Social Investment Tax Relief (SITR) 1,000,000 1,000,000

Notes

  1. ISA investors can invest in any combination of cash or shares up to the limits shown.
  2. Junior ISA is available to UK residents aged under 18 and who don't have a Child Trust Fund account. When the holder reaches age 18, their junior ISA becomes an adult ISA.
  3. EIS, VCT and SITR investments made within the limits shown attract 30% Income Tax relief, but those schemes all have different qualifying rules.
  4. SEIS investments attract 50% Income Tax relief.
  5. Where the disposal proceeds from any capital gain are reinvested under EIS or SITR in the four-year period that starts one year before the date of the gain, all or part of the original gain can be deferred.
  6. Gains reinvested under SEIS up to the investment limit attract 50% exemption from CGT.
  7. Investments made under EIS, SEIS and SITR can be carried back to be treated as made in the previous tax year, subject to the investment limits.
  8. Disposals of investments acquired under EIS, SEIS, SITR or VCT are exempt from CGT if investment conditions have not been broken.
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Directors:  Paul Cutter FCA | Kate Jones FCCA, ACA | Dave Hazlehurst FCCA, CTA

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3 Lyttleton Court | Birmingham Street | Halesowen | West Midlands | B63 3HN

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