Archangels
investing in innovation
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Tax Benefits

Archangels is a prominent business angel syndicate, which has been at the forefront of early stage investing in Scotland for more than two decades. Our members invest in and mentor promising start-up and early stage companies from Scotland’s vibrant technology and life sciences sectors.

Archangels’ Portal:

Archangels Impact Evaluation of activities:
(Click here to view)

 

Tax Benefits

Most of the companies in which Archangels invest benefit from eligibility
for significant tax reliefs for investors who pay tax in the UK, in recognition
of the risks that angel investors take and in recognition by the government
that this is an important source of finance for small businesses.

The Enterprise Investment Scheme (EIS)

Under EIS investors can gain both income tax and capital gains tax relief
when subscribing for eligible shares in small unquoted companies that
qualify under the scheme.

> 30% income tax relief on up to £1,000,000 of investment per tax year
(plus the possibility of carrying back income tax relief to the previous
tax year);
> Exemption from capital gains tax on disposal of EIS shares after the
end of the three year qualifying period;
> Allowing losses on the disposal of the EIS shares to be set off against
either income or capital gains;
> Unlimited capital gains tax deferral in respect of the disposal of other
assets, on amounts reinvested in EIS shares; and
> Inheritance tax relief for EIS investments

Individuals can invest up to £1,000,000 a year in total for income tax relief and capital gains tax exemption, but there is no limit to the amount an individual can invest if they only wish to claim Capital Gains Tax Deferral and Inheritance Tax Exemption