SEED EIS – EXTRA TAX RELIEF FOR INVESTORS
‘The practicalities of the new tax scheme and how to advise clients on investing’
A joint event by Halo, the NI Business Angel Network and Chartered Accountants Ulster Society.
VENUE: Chartered Accountants Ulster Society Offices, 32-38 Linenhall St, Belfast
DATE: Thursday 5 April 2012
TIME: 8am start (breakfast of bacon rolls available); concludes 10am
COST: £10.00 inclusive of VAT (£8.33 plus £1.67)
To attend this event, contact firstname.lastname@example.org and she will send you a booking form.
Seed EIS tax relief with an amazing 50% up front tax relief will start in April. David Cameron has strongly put his weight behind this and stated that he hopes this will start a large wave of new angel investing. The one year only ability to roll capital gains into SEIS is designed to turn this wave into an avalanche.
Angel investing will be largely very new to many and it is relatively poorly understood. Did you know that 56% of angel investments fail, that the average time to invest and win is 6 years, but the average time to invest and lose is 3? Or that a NESTA/BBAA report claims that the average pre-tax return to angels in the UK is 22% IRR?
This breakfast briefing is designed to explain both how the new tax scheme works, but possibly more importantly to give an introduction to angel investing. There is no point in rushing in because of the tax relief only to lose money through not understanding the dos and don’ts of angel investing.
Des Ryan, Technical Advisor Venture Capital Schemes, HMRC London. He will explain the detail of the scheme which will have by then been announced in the Budget.
Nelson Gray is a Chartered Accountant, entrepreneur and leading angel investor. He has invested in over 20 companies personally and managed 2 early stage investment funds. He has provided advice on funding to Scottish Enterprise, the Scottish Executive and the Enterprise Committee of the Scottish Parliament as well as a number of internationally based development agencies. In 2008 Nelson was named Business Angel of the Year by the European Business Angel Network. Nelson will explain how angel investing can work well – both well and badly.
Alan Watts is the Director of Halo, the Northern Ireland Business Angel Network where he draws upon his previous experience both as entrepreneur and as a business angel.