VCT, EIS & SEIS compared

At Devonports LAS we can advise individuals in the Essex area on a range of tax-saving opportunities. The following article compares Venture Capital Trusts, the Enterprise Investment Scheme and Seed Enterprise Investment Scheme.

The reliefs for Venture Capital Trusts (VCT), the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are similar in many respects, but there are some significant differences. The table below highlights the main reliefs. For further details see the factsheets for each type of investment.

  VCT EIS SEIS
Annual investment limit £200,000 £1 million * £200,000
Income tax relief for subscribers 30% 30% 50%
Clawback if held for less than 5 years 3 years 3 years
Reinvestment relief period
– before gain made N/A 1 year Same tax year
– after gain made N/A 3 years  
Tax free dividends? Yes No No
Tax free capital gains? Yes Yes (after 3 years) Yes (after 3 years)
Tax relief for losses? No Yes Yes
IHT business property relief? No Yes Yes

* This is increased to £2 million provided that anything above £1 million is invested in knowledge-intensive companies. There is no limit on CGT deferral for EIS.

For more information on Venture Capital Trusts, the Enterprise Investment Scheme and Seed Enterprise Investment Scheme, individuals in the Essex area should contact Devonports LAS.

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Devonports LAS Accountants Limited, Cumberland House, 24 - 28 Baxter Avenue, Southend-On-Sea, Essex SS2 6HZ
Devonports LAS Accountants Limited, The Rivendell Centre, White Horse Lane, Maldon, Essex CM9 5QP
Devonports LAS Accountants Limited, 10 Station Court, Station Approach, Wickford, Essex SS11 7AT
Devonports LAS Accountants Limited, Rowe House, Emson Close, Saffron Walden, Essex CB10 1HL

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