11:08 AM, 11th August 2015, About 7 years ago
Property118 Portal Ltd has been granted advanced approval by HMRC for Seed Enterprise Initiative Scheme.
This means that every £1 invested into the company produces a tax reduction of 50 pence to the investor. This tax relief can also be carried back a year, resulting in investors being in a position to apply for an immediate tax rebate.
Furthermore, there are also additional tax advantages associated with the investment that are applicable to any investor who has made a capital gain in the current tax year. 50% of capital gains can be rolled into the new investment in Property118 Portal Ltd, thus further reducing tax payable. Once shares are held for three years any gains made on their value also become tax free.
Obviously the tax advantages are not a good enough reason alone to invest but we do urge you to take a look at our crowd funding pitch on the Seedrs website – LINK