Fill in the figures, then click Work out my relief.
Result
Where the money goes
| Item | Amount |
|---|
What to do
| Step | What it means |
|---|
What it does, and what it leaves to you
- Covers: EIS 30% and SEIS 50% income tax relief, the annual investment limits, the cap at the tax you owe, EIS CGT deferral, SEIS reinvestment relief, loss relief at your marginal rate and the break-even sale price.
- Gives: your net cost after relief, the CGT effect, your out-of-pocket loss if the company fails, and the sale price that gets you back to even.
- Not decided: whether the company or the shares qualify, whether you are connected to the company, carry-back timing, VCT and other schemes, dividend and exit tax, and anything that changed after this was written.
Common questions
What is EIS?
The Enterprise Investment Scheme gives an individual 30% income tax relief on up to £1,000,000 invested a year in qualifying young companies (up to £2,000,000 if the extra goes into knowledge-intensive ones), plus CGT deferral and CGT-free gains after three years.
What is SEIS?
The Seed Enterprise Investment Scheme is for the earliest-stage companies. It gives 50% income tax relief on up to £200,000 a year, CGT-free gains after three years, and CGT reinvestment relief that exempts half of a gain you put into SEIS shares.
Can I get more relief than the tax I pay?
No. Income tax relief reduces the tax you owe for the year and cannot create a refund beyond that. You can ask to treat the investment as made in the previous tax year to use that year's tax instead.
What happens if the company fails?
You can claim loss relief: the loss, after deducting the income tax relief you got, can be set against your income at your marginal rate. For a 45% taxpayer a £50,000 SEIS loss can leave about £8,950 of real loss after all reliefs.
Is EIS capital gains deferral a saving?
No. It postpones tax on a gain until you sell the EIS shares or they stop qualifying. It only becomes a saving if the deferred gain is never taxed, for example on death.
How long must I hold the shares?
At least three years from issue, or from when the company starts trading if later. Selling earlier withdraws the income tax relief.
Is my data uploaded anywhere?
No. Everything is calculated in your browser and nothing is sent.