EIS allowance raised

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EIS allowance raised

Created:: 12 March 2008
Written by:: John McLeod

The annual personal limit allowing you to receive 20 per cent income tax relief for investing in companies under the Enterprise Investment Scheme (EIS) is to rise from £400,000 to £500,000 from 6 April.

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Shipbuilding, coal and steel production will no longer be eligible activities for the EIS or for venture capital trusts. The amount of Enterprise Management Incentive share options an employee can be given by a small company is also to rise from £100,000 to £120,000.

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