Tax reliefs available for EIS qualifying investments include 30% upfront income tax relief, 100% capital gains tax deferral, offset of capital losses, tax free growth and 100% inheritance tax relief after two years. Investors are able to invest up to £1,000,000 per tax year and can also carry back investment into the preceding tax year.
Blackfinch also provide SEIS Portfolios, a discretionary portfolio service which selects SEIS qualifying underlying investee companies on behalf of clients. Again, the underlying investment strategy is within the entertainment and media sector and all investee companies will have been granted Advance Assurance from HMRC, but with SEIS the tax reliefs are more generous. SEIS legislation was originally introduced by the UK government in 2012 and has since been made a permanent fixture due to its success.
Blackfinch SEIS Portfolios access investee companies which fund new independent music, which also carry the benefit of being distributed by a major label e.g. SONY, Universal etc. Each underlying investee company will produce recorded material by a variety of established and exciting new artists and benefit from the revenues created through the sales of that material, which will be distributed by a major label. The investee companies also own the intellectual property.
Tax reliefs available for SEIS qualifying investments include 50% upfront income tax relief, up to 50% capital gains tax relief (relief rather than deferral), offset of capital losses, tax-free growth and 100% inheritance tax relief after two years. Investors are able to invest up to £100,000 per tax year and are able to carry back investment into the preceding tax year.
Blackfinch is an established provider of tax efficient and capital protected investments, with a clear focus on capital preservation, transparency and security. With over 20 years experience and expertise in the UK market, and approximately £500m under management and administration within our group, we focus on delivering strong investment opportunities to our clients which also benefit from favourable tax reliefs.
We understand that this is an important time for advisers and investors to source investment opportunities which carry the balance of growth opportunity, capital preservation and qualification for the valuable tax reliefs. At Blackfinch we believe that we have struck this balance with our EIS and SEIS Portfolios and that we provide strength and expertise through our management teams and counterparties.
Biography
Richard is a founding partner of Blackfinch and has been CEO since 2009. Previously Richard held UK taxation positions at Bank of New York and Merrill Lynch. Richard’s main focus at Blackfinch has been the development and management of tax efficient trading companies with a focus on capital protection, as well as developing Blackfinch’s relationships and investor solutions within the UK intermediary space.
