Double Relief For Non-Domiciled Investors

Enterprise Investment Scheme relief provides very generous tax incentives for individuals to subscribe up to £1 million in any tax year in the acquisition of shares in unlisted (which includes AIM quoted) trading companies. But for some non-domiciled individuals, the additional availability of Business Investment Relief makes such investments very interesting indeed.

Briefly, the tax benefits afforded to investments which qualify for Enterprise Investment Scheme (EIS) relief (provided in most cases that the shares are held for 3 years) are as follows:

• the ability to offset 30% of the amount subscribed against the individual's tax liability in the tax year of subscription or the year before