Folloing the end of the tax year, we have received a few enquiries from members with regard to claiming tax relief under the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS).
In brief - Ickleton Community Pub will send a compliance statement to HMRC after we have been trading for 4 months. If agreed by HMRC, ICP can then issue a form to investors which entitles them to claim relief for the year in which they subscribed for the shares ie 2024/25. There are a number of conditions, including that ICP must continue to qualify under the schemes for a period of at least 3 years and, you must continue to hold your shares for at least 3 years.
Please speak to Rachel Radford, our Chair, or Jon Ward, our Treasurer if you have any further questions and we will do our best to answer them.
The availability of any tax relief, including EIS and SEIS, depends on the individual circumstances of each investor, and may be subject to change in the future. If you are in any doubt about the availability of any tax reliefs, or the tax treatment of your investment, you should always obtain independent tax advice.
