Whilst the 2016/17 tax year is over, you may still have clients looking for carry back relief to reclaim the tax they have already paid during that year.
The carry back facility
With EIS & SEIS, it is possible to carry back relief due on investments in qualifying companies to a previous tax year, so an investment made in 2017/18 could reduce tax liabilities for 2016/17 tax relief.
That means that by utilising both tax years, investors can gain relief on up to £200k in SEIS & £2m in EIS receiving a maximum of £700k of tax paid.
Unlike pensions it is not necessary to use all the tax reliefs in the current year before carrying back into the previous tax year. However, if investors don’t carry back in time they will lose the tax advantage it affords them.
The Kuber approach
Kuber is ideally placed to help. It is the natural one stop shop for EIS/SEIS & BPR investing as it offers an extensive range of funds from different providers across a wide range of sectors, giving Advisers the ability to construct a portfolio of EIS/SEIS & BPR investments in any one year using one application form. Recent data shows that, on average, a client invested via Kuber holds 4 EIS and 14 underlying Investee Companies for each individual investment made.
The funds are available as:
> an investment through a Kuber Strategy*
> a combination of the above
At Kuber we believe in making life as simple as possible and believe that there are strong and compelling reasons why Advisers should use platforms when advising clients on certain investments including EIS, SEIS and BPR investments.
These reasons include:
> Managing investment risk
> Managing administration
> Building a diversified portfolio
However, you needn’t take our word for it, you can see for yourselves…