EIIS Webinar Invite –
The BVP 2021 EIIS Fund provides investors access to a portfolio of growing companies while availing of up to 40% income tax relief for eligible investors.
EIIS is a tax relief incentive scheme, which enables clients to deduct the cost of their qualifying investment from their total income for income tax purposes. An individual with an income tax liability in the year the EIIS investment is made can obtain tax relief from the following:
Join our online client webinar where Elliott Griffin and Seamus O’Donnchadha will provide an overview of how EIIS funds are structured and discuss BVP’s investment process, and the types of companies selected for investment.
When: Wednesday 6th October 2021
Time: 11.00am to 11.45am
Where: At the comfort of your own desk
To book your place simply email email@example.com with your name and contact email address and we will send you the link for the event.
The Employment and Investment Incentive Scheme (“EII Scheme”) is a tax relief incentive scheme which provides tax relief against total income for income tax purposes to Qualifying Investors for investments in certain Qualifying Companies. The EII Scheme offers one of the few remaining income tax reliefs and is one of the few sources of total income tax relief (which includes, for example, rental income, ARF distribution income).
Under the scheme, a taxpayer who puts money into an approved EII investment can reduce a substantial portion of their taxable income for the year in which the investment was made. The maximum investment allowed in respect of the years after 2019 is:
Tax relief on EIIS investments are not subject to the High Earners Restrictions. A married couple can each obtain individual relief on an investment of €250,000/€500,000, provided each spouse has sufficient taxable income.
In 2020 EIIS tax relief is available in full in the year of the investment. The investee company will issue shares to you for the amount you invest. You must hold those shares for at least 4 years or 7 years depending on the initial investment amount.
Tax relief on EIIS investment is one of the few sources of total income tax relief and it is not subject to the High Earners Restrictions. Therefore, it could be considered as an attractive investment option for:
What are the key risks of an EII Scheme?
What is my exit from the investment?
Exit is usually at the end of 4 years (or 7 years depending on the initial sum invested) and is pre-agreed with the investee company at the time of investment. This will be outlined in the investment terms.
Before investing in an EII scheme or fund, you should obtain independent tax advice, consider your personal circumstances and your attitude to investment risk. EII schemes or funds are suitable for those who don’t need to access the money invested for the investment period, who can avail of the income tax relief on the investment and who are aware that they may lose some or all of their investment and can afford to lose some or all of their investment.
We evaluate a large number of potential investee companies and EII funds each year and following a comprehensive due diligence and screening process carefully choose our final recommendations. Where you invest in a fund, the decision on which companies to invest in will lie with the fund manager and will be in line with their Investment Themes and Strategy set out in the investment brochure.
The particular tax treatment contained herein is based on Harvest Financial Services understanding of current Revenue practice as at September 2021. Please note that the tax treatment depends on the individual circumstances of each client and may be subject to change in the future. You should take such independent tax advice as you deem appropriate.
Please note that the provision of this product or service does not require licensing, authorisation, or registration with the Central Bank of Ireland and, as a result, it is not covered by the Central Bank’s requirements designed to protect consumers or by a statutory compensation scheme.
Warning: The material is not intended to provide advice and is provided for general information purposes only.
Warning: If you invest in this product you may lose some or all of the money you invest.
Warning: If you invest in this product you will not have any access to your money for a minimum of 4 years.
Warning: The value of your investment may go down as well as up.