There are a range of tax reliefs available to most investors who invest in venture companies. The list below provides a brief introduction to these tax reliefs under the Enterprise Investment Scheme (EIS). These benefits depend on your own tax position and they may be subject to change in the future. If you are uncertain of your own tax situation, you should seek professional advice from a qualified tax adviser.
A loss on any qualifying investment in the portfolio, irrespectiveof the overall performance of the portfolio, can be offset against incomeearned in the tax year of the loss, or the previous year; or against capitalgains (including against any tax liability that arises on the revival of thedeferred gain) of the tax year of the loss and future years.