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EIS income tax carry back relief

Five reasons why 20% income tax relief may be preferable to 30% Enterprise Investment Scheme (EIS) investors can take advantage of ‘carry back’ which allows the cost of shares to be treated as though they had been acquired in the previous tax year, enabling investors to benefit from income tax relief in the preceding year. But with EIS income tax relief increased to 30% for the 2011/12 tax year why would anyone want to carry back to 2010/11 when only 20% income tax relief was available?

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