Illustration - EIS and VCT
You'll learn how to calculate income tax relief for Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), and Venture Capital Trust (VCT) investments, and understand the crucial difference between which reliefs can be carried back to previous tax years.
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In this lesson
- 0:00 Inheritance and share subscription scenario
- 0:14 EIS and SEIS relief carried back to 2024-25
- 1:19 Computing income tax for 2024-25
- 2:24 2025-26 income tax with dividends
- 3:17 VCT relief cannot be carried back
About this lesson
This illustration walks through a practical scenario showing how to compute tax liabilities across multiple years, apply the correct relief percentages (50% for SEIS, 30% for EIS and VCT), and identify which investments produce exempt income. You'll see exactly when to claim relief in your tax computation and why VCT relief cannot be carried back, unlike EIS and SEIS relief, which is essential knowledge for Tax (TX) and Advanced Taxation (ATX) papers.
Duration: 4m
Transcript
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