Managing Your Money 

EISs are becoming riskier but still offer tax benefits

EISs are becoming riskier but still offer tax benefits

Enterprise Investment Schemes (EISs) offer several tax benefits for higher earners. If you hold an EIS for three years you get 30 per cent tax relief to offset against your income tax bill. And selling the shares will not incur capital gains tax (CGT). If you die while holding EISs these will be free of inheritance tax (IHT), as long as you had held them for at least two years.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now