We believe in Trippki. So do our original investors, our members and Trippsters all over the world. We don’t think you need any further incentive to invest in Trippki and be a part of the future of travel. However, being Trippki, we of course have further incentives. We are giving out memberships of the Trippki Travel Club, giving you access to massive hotel discounts around the world, and bonus Trippki Hotel credits, which we’ll go into in another blog. For our investors, we also have two significant tax incentives, SEIS and EIS.
Seed Enterprise Investment Scheme (SEIS)
The Seed Enterprise Investment Scheme (SEIS) is designed to help early-stage companies to raise equity finance by offering a range of tax reliefs to individual investors who purchase new shares in those companies. It complements the existing Enterprise Investment Scheme (EIS) which also offers tax reliefs to investors in higher-risk small companies. SEIS offers tax reliefs at an even higher rate than that offered by the existing EIS.
SEIS rules have been designed to mirror those of EIS as it is anticipated that companies may want to go on to use EIS after an initial investment under SEIS.
Jenny invests £20,000 in tax year 2019-20 (6 April 2019 to 5 April 2020) in SEIS qualifying shares. The SEIS relief available is £10,000 (£20,000 at 50%). Her tax liability for the year (before SEIS relief) is £15,000 which she can reduce to £5,000 as a result of her investment.
50% Tax deductible
You may be able to claim up to 78% tax relief on your investment if the company succeeds and you pay no CGT when you sell your shares.
The first £150,000 of our crowdfund qualifies for SEIS so if you want to absolutely maximise your tax relief, then you need to get in quickly. It allows you to reduce your risk significantly and eliminates Capital Gains Tax on future profits.
Tax Relief: Enterprise Investment Scheme
The Enterprise Investment Scheme (EIS) is designed to help smaller trading companies to raise finance by offering a range of tax reliefs to investors who purchase new shares in those companies. As with SEIS allows you to reduce your risk significantly and eliminates Capital Gains Tax on future profits. A veritable win/win as ever with Trippki.
Jenny invests £20,000 in tax year 2019-20 (6 April 2019 to 5 April 2020) in EIS qualifying shares. The 200 EIS relief available is £6,000 (£20,000 at 30%). Her tax liability for the year (before EIS relief) is £15,000 which she can reduce to £9,000 as a result of her investment.
30% Tax deductible
Investors may be able to claim up to 58% tax relief on your investment if the company succeeds and you pay no CGT when you sell your shares
The remainder of our crowdfund total qualifies for EIS after the SEIS cap of £150,000 is raised.
All investors also get free membership of the Trippki Travel Club, so they can save on hotels from day one.
Please Note: The availability of any tax relief, including EIS and SEIS, depends on the individual circumstances of each investor and of the company concerned, and may be subject to change in the future. If you are in any doubt about the availability of any tax reliefs, or the tax treatment of your investment, you should obtain independent tax advice before proceeding with your investment. For more information on how SEIS and EIS works please read the HMRC guidance documentation.