Snugs as has been approved by HM Revenue & Customs for Seed Enterprise Investment Scheme. This means that investors who invest unto £150,000 in Snugs and hold the shares for three years, get full tax relief on their investment.
What is SEIS – Seed Enterprise Investment Scheme?
SEIS is an incredibly generous derivative of the Enterprise Investment Scheme (EIS) and was introduced in April 2012. Its aim is to encourage seed investment in early stage companies. Investors, including directors, can receive initial tax relief of 50% on investments up to £100,000 and Capital Gains Tax (CGT) exemption for any gains on the SEIS shares.
The maximum amount to be raised for each company is £150,000.
For more information about the SEIS scheme then follow the link below to Crowdcube.com where it very well explained with examples: www.crowdcube.com/pg/seis-tax-relief-42