Do you have clients who fall into any of the following categories:
incurred a capital gain since July 2011
expect to incur a gain in the next 12 months
wish to reduce their potential IHT
cannot make further pension contributions
- want to invest in EIS for one of the hundred or so other reasons that exist
If so, there are now an estimated 61 days to go until Royal Assent takes the Renewable Energy EIS gravy train out of commission for good. In reality that is just 37 business days left and many of your clients will be on holiday at some point during that period. Act now before it is too late.
HM Treasury issued fresh guidance on the proposed changes
Yesterday, HM Treasury issued some fresh guidance on the proposed changes to the regulations which can be found by following this link. To summarise, the following applies:
1. In order to qualify for EIS relief, shares will have to be fully paid and allotted in the EIS qualifying company prior to the date of Royal Assent
HMRC also qualified the trades which will be in scope and those which will not. Broadly, the new regulations are following the model that was adopted when FITs were removed in 2012: namely that Anaerobic Digestion and Hydro Electric power will continue to qualify for EIS relief.
We are seeing strong demand for both of these funds and we recommend that individuals wishing to take advantage act sooner rather than later.
In addition both managers target attractive returns for investors over a 3 year period of 135% (Deepbridge) and 120% (Guinness).