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Our EIS and SEIS Service

Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are HMRC approved tax reliefs for individuals who decide to invest in shares in certain qualifying companies. They exist to encourage individuals to invest in small, higher-risk trading companies to help such companies to raise funding, other than by way of loans.

The headline benefits of each scheme include the following:

Income Tax

  • EIS : Income Tax relief of 30% on the amount invested, for example if the investment was £100,000, £30,000 would be deducted from the individual’s income tax bill; and
  • SEIS : Income Tax relief of 50% on the amount invested, which would be a £50,000 income tax reduction on a £100,000 investment.

Capital Gains Tax

Both schemes provide that on the disposal of shares which qualify for either EIS or SEIS relief, the proceeds of such sale are exempt from capital gains tax.

Please note that to qualify for such benefits numerous conditions must be met by both the investor and the company, including that the shares must be held for a minimum of 3 years.

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Our Approach to EIS and SEIS

Obtaining SEIS and EIS relief is complex and fraught with difficulties. We therefore work closely with your tax advisor to ensure that the investor and the company being invested in satisfies the necessary requirements with regards to qualifying for the relevant relief. It is crucial to make sure that during the process of setting up the structure and carrying out the fundraising, the correct procedures are followed so that investors do not lose the benefit of the relevant relief, for example:

  • ensuring that the company’s share capital is appropriate;
  • drafting articles of association so that they qualify for the relevant relief, whilst making sure that the relevant parties have suitable protections/restrictions;
  • if both SEIS and EIS investments are being offered at the same time, to ensure that they are carried out in the correct order; and
  • preventing any associations between the investors and the company prior to the date of the investment, in particular in relation to directorships and loans.

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Our Experience with EIS and SEIS

We have acted for many investors and the investee companies in relation to the EIS/SEIS investments, including the following recent transactions:

  • Acting for an investor in relation to an investment in an online luxury goods marketplace which involved both an SEIS investment and an EIS investment;
  • Acting for a food recipe box business in respect of raising both SEIS and EIS and funds from various investors, including utilising an Advanced Purchase Agreement;
  • Advising an investor in relation to an EIS investment in a wine import business;
  • Advising an investor in relation to an SEIS and EIS investment in a financial advisory business; and
  • Restructuring a company which is start a dog café business so that it qualifies for SEIS and EIS investment, advising and managing the fundraising process.

Speak With Our Corporate Solicitors

Why Work With Our Corporate Lawyers?

  • We have been ranked as a Top Tier law firm by the Legal 500 for the last seven years.
  • You will receive city-quality corporate law advice at regional prices.
  • Price transparency - we provide our clients with an estimate at the outset of any piece of work with ongoing updates throughout the matter.
  • Our 5 Corporate Partner led service ensures you receive the very best legal advice and commercially minded support.
  • We have a large team with experience across a diverse variety of sectors, focused on achieving your objectives and hitting your deadlines.
  • We are a full-service law firm operating from a one-site office, which means our teams communicate effectively and efficiently and our Corporate Lawyers can draw on support from other specialist lawyers such as property and employment lawyers.
  • Our Corporate Solicitors use the latest technology to ensure that we are working as efficiently as possible and that geographical distance is no bar to us from providing you excellent client service.
  • We were the winners of ‘Corporate Team of the Year 2021’ at the Manchester Legal Awards.
  • Take a look at the Myerson Promise for further benefits of working with us here.

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Testimonials

Meet Our Corporate Solicitors

Home-grown or recruited from national, regional or City firms. Our corporate solicitors are experts in their fields and respected by their peers.

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Mohammed Akeel Latif

Akeel is a Partner and Head of the Corporate Team

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Scott Sands

Scott is a Partner in our Corporate Team

Andrew Brown v2

Andrew Brown

Andrew is a Partner in our Corporate and Commercial Teams

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Chris Moss

Chris is a Partner in our Corporate and Commercial Teams

Terry

Terry Moore

Terry is a Partner in our Corporate Team

Ryan

Ryan Fletcher

Ryan is a Senior Associate in our Corporate Team

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Olivia Sturgess

Olivia is an Associate in our Corporate Team

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Simon Nolan

Simon is an Associate in our Corporate Team

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Luke Wilkins

Luke is an Associate in our Corporate Team

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Charlotte Peers

Charlotte is a Solicitor in our Corporate Team

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Palma Percze

Palma is a Solicitor in our Corporate Team

Freddie Timmins

Frederick Timmins

Freddie is a Solicitor in our Corporate Team

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Caoimhe Leece

Caoimhe is a Solicitor in our Corporate Team

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Oliver Hinds

Oliver is a Trainee Solicitor in the Corporate Team

Contact Our Experts

You can contact our lawyers below if you have any more questions or want more information:

0161 941 4000