There was one change and one threat on the venture capital front in the 20 March Budget announcement
Comments Off on There was one change and one threat on the venture capital front in the 20 March Budget announcementFor Seed Enterprise Investment Schemes (SEIS), the CGT reinvestment relief continues for 2013/14, but for only half the reinvested gain. Therefore, the maximum tax relief for SEIS investment will in theory be 64% (50% income tax + 28% x ½ CGT reinvestment relief). The Government is not expecting this to encourage much investment – it estimates the extension of the relief will cost just £5 million in lost tax revenue.
