Investors all across the globe always look for tax-saving schemes so that they can save their taxes in a safest manner. Though many tax-saving investment schemes have recently raised their heads but amongst them SEIS scheme deserve special mention. Investors of any category can qualify for this specific investment scheme.
How are taxes relieved by this scheme?
Taxes over last year’s tax-bill can now easily be saved with the carry-back option of the SEIS scheme. Your paid taxes will be refunded as a result of which you can invest the refund amount in some other potential investment schemes as per your preference and requirement. You can also save the money for making other essential expenses. This specific option can enhance your investment potentiality or productivity to a great extent and this is why most investors choose the same.
Tax-free growth of this scheme is really quite appreciable and till yet it has benefitted many investors. Over SEIS shares there is no requirement of paying any CGT in case income-tax relief has been claimed on it. This is how the overall value of your investment gets appreciated without involving the need of any tax payment. On the other hand, CGT over investment gains can also be reduced up to almost 50 percent. This is a great opportunity for those investors who are willing to make gains over reinvested amounts.
Inheritance taxes cater absolutely 100-percent relief on taxation. But for that you should make investments on the shares of any SEIS-qualifying concern. In this case, your investment will be on hold for either till death or for a minimum two years. SEIS investors always remain less exposed towards risk and thus they experience lower losses. Here, you can get the freedom of choosing the loss-relief option as well. This is the last resort in case you do not find any of the plans suitable for you. The losses can be offset after deducting the received tax-relief amount in against the income-tax bill.
The tax-reliefs that you can avail under this option are very much lucrative for both regular investors and newbies. If you want to save a good amount of taxes then in that case you should choose your option carefully and smartly. In this case, you can either do detailed research or else you can discuss with the professionals. Many investors take their decisions on the basis of the valuable recommendations or suggestions received from experts or seasoned investors investing in this scheme since long.
As an investor, you should also learn the basic rules controlling the SEIS scheme otherwise you will not be able to receive either tax benefits or investment gains. It is on the basis of the circumstances that tax-reliefs can be received.