The EIS Navigator 121 EIS & VC Basics: What are Knowledge Intensive EIS funds? with Glen Stewart of Committed Capital
In the latest in the EIS & VC basics series for the EIS Navigator podcast we discuss Knowledge Intensive EIS funds, sometimes called KI funds. These are still relatively new in the market, so it's good to get a full explanation. Committed Capital have launched a few KI funds now, so we asked their Head of Business Development, Glen Stewart, on to explain them.
Glen covers all you need to know about KI funds and some things to be careful about when selecting one.. We cover:
- what is a knowledge intensive company?
- restrictions on what the company can be/do
- the increased investment limits that KI companies have
- what is an approved knowledge intensive fund?
- how does the timing for income tax relief work?
- what is the EIS5 tax certificate?
- how does this structure affect the other tax reliefs?
- what are the attractions of KI funds for advisers and investors?
- what are the disadvantages?
Glen gives a full picture, but those new to EIS may wish to watch episodes 115 and 116 for the basic structure and tax reliefs too. Enjoy!
Links
Committed Capital - https://committedcapital.co.uk/
email - info@committedcapital.co.uk
Telephone - 0207 529 1350
HMRC page on KI EIS funds: https://www.gov.uk/hmrc-internal-manuals/venture-capital-schemes-manual/vcm16050
HMRC page on tax reliefs for venture schemes: https://www.gov.uk/guidance/venture-capital-schemes-tax-relief-for-investors
Subscribe to the EIS Navigator podcast on most services here: https://the-eis-navigator.captivate.fm/listen
You can see this episode on video too here. https://youtu.be/ZYz4ZZmMJX0
The playlist for all the videos of the Basics series will be found here.
Bio
Glen Stewart
Head of Business Development, Committed Capital
Glen has been raising capital for the best part of the last 20 years for businesses; utilising tax efficient investment wrappers such as Enterprise Investment Schemes and Venture Capital Trusts. During this time, he has raised capital for a number of diverse businesses and asset classes including multi-media, property, renewable energy and AIM listed companies ranging from startups to well established and profitable companies. Prior to this Glen spent the previous ten years at Coopers & Lybrand qualifying as a tax adviser, PwC and Deloitte specialising in High Net Worth, Expatriate tax, and cross border advice.
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