EIS funds - investments with a difference

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EIS Taxation

Lacomp’s generalist EIS Funds were “Approved” by the Inland Revenue.  An Approved Fund must invest monies raised within twelve months of the Fund's closing date.  Conversely, an Unapproved Fund can take as long as three years to complete its investments.

The 30% EIS tax relief and CGT deferral relief is granted at the date the Fund Manager invests in an EIS qualifying company.  While an Approved Fund has to await EIS certification from all investments before a claim for tax relief could be submitted, the Unapproved structure allows claims as soon as individual investments have been placed.

The tax breaks associated with income tax, capital gains tax, inheritance tax and loss relief for EIS investments are described in more detail in this section.

Income tax relief apart, an EIS investment is demonstrably more tax efficient - CGT deferral, Loss Relief and IHT effective - than a VCT investment.