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It will be on a day rate - I intend to use a ltd company and invoice monthly. I will pay myself a small salary and the rest through dividends.
I was given them by my employer as an incentive. I did not pay anything towards them.
Does that help?
Hi again.£50,000 EMPLOYEE SHAREHOLDER SCHEMEThe rules of the Employee Shareholder scheme are outlined here and here. I'm not aware that this can be applied retrospectively to existing shareholdings. In any event, you have to go though various hoops before you can accept ES status and I doubt that has happened even for the most recent share awards, ie since the ES rules were introduced. A certain amount of advance planning is involved.EIS INCOME TAX RELIEFThe income tax rules for EIS investments are detailed here. The relief is a straight 30% of the investment (£1,000,000 pwer tax year) but the investor must have paid income tax of at least as much as the relief being claimed or it will be limited to the tax paid. The relief can be split between the tax year of investment and the previous tax year.EIS CGT DEFERRALYou can defer a gain by investing in shares through EIS. Read about that here. The gain deferred is not written off however. It is merely deferred until a later tax year, usually when the EIS shares are sold.SEIS INCOME TAX RELIEFYou can claim income tax relief at 50% on an investment up to £100,000 annually through SEIS. Relief can be split between two tax years as with EIS income tax relief. Read about it here. SEIS CGT RELIEFYou can claim relief for an SEIS investment which has qualified for income tax relief against capital gains. Unlike the EIS situation, the gain is not revived at a later date.
I hope this helps but let me know if you have any further questions.
Thanks for your answer. I was already aware of most of the above but was looking for more detailed information, particularly on the shareholder status.
It would be good to find out for sure whether this can be done retrospectively.
Cheers, ***** ***** reading correctly the procedures look like you must agree in writing and I must get independent legal advice and give 7 days' consideration, but that's about it I believe.
So in other words it's not possible to do it retrospectively?