Offsetting a tax liability in 2017/18 tax year
If looking to utilise the Enterprise Investment Scheme (or Seed Enterprise Investment Scheme) to offset a tax liability in the 2017/18 tax year investors should not invest simply because a proposition promises deployment in the 2017/18 tax year.
By investing in the 2018/19 tax year, investors could utilise carry back and be able to claim up to £300,000 (30% of a maximum £1m investment) against their income tax liability for the 2017/18 tax year.
