Measure
The government will legislate to extend the operation of the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) relief scheme from 6 April 2025 until 6 April 2035. This will continue the availability of income and capital gains tax reliefs for investors in new shares issued before this date by EIS qualifying companies and VCTs.
This measure will affect companies that are seeking investment under the EIS and VCT scheme and individuals investing in these companies.
EIS and VCT relief will now expire for new share acquisitions made on or after 6 April 2035.
This measure supports start-ups and small and medium-sized companies seeking growth capital and will enable the individual investors to continue to be able to claim tax reliefs. This will be welcomed by those in the venture capital industry.