INCOME TAX DEDUCTIONS OFFERING UP TO 41% TAX RELIEF?
IF SO, PLEASE READ ON.
Quintas Wealth Management, as managers of the EII Fund, is delighted to announce that the 2011 Horizon EII Fund has recently been designated an investment fund by the Revenue Commissioners after the long awaited approval by the European Commission of the Employment and Investment Incentive scheme.
What is the Employment and Investment Incentive Scheme (EII)?
The EII is a replacement for the BES and is very much a revamped BES. The EII is a Tax Relief incentive scheme enabling eligible investors to avail of tax relief by deducting the cost of their qualifying investment from their total income for income tax purposes. The EII offers one of the few remaining all income tax deductions offering up to 41% tax relief*.
What is the difference between the EII and BES?
Length of investment required to maintain the tax relief
Opportunity for up to 41%*
Unlimited – available to the majority of SME’s (subject to a small number of exception).
Company Investment Limits
* The tax relief is available at the individual’s highest marginal rate of income tax. Provided investors hold their investment for a minimum of 3 years, the EII provides tax relief of 30% in the year of investment and an additional 11% relief is available at the end of the 3 year investment period subject to conditions in relation to employment levels or expenditure on research and development being achieved.
Tax savings: 100% of the investment can be set off against your 2011 total income, offering you up to 41% tax relief.
Tax relief available on investments up to a maximum of €150,000.
Minimum investment is €10,000.
Medium term investment - funds only committed for up to 4 years.
Risks associated with EII investment is significantly reduced due to stronger companies now considering EII as a source of funding. Investing in a managed fund helps reduce your risk by spreading your investment over a portfolio of strong and performing companies across a range of industries.
Selected companies proceed through a rigorous financial, tax and legal due diligence, as well as commercial review by experienced professionals.
Advantage of a professional, experienced and knowledgeable team.
Please click here to view the full Prospectus with application form.
The closing date for receipt of applications is 31st December 2011.
If you have any questions or would like any additional material please email
Warning: The value of your investment may go down as well as up. Investors can lose some or all of the amount invested. There is no early exit mechanism.
Warning: This information is based on our understanding of current revenue law and practice which is subject to change including retrospectively without notice. Investors are advised to consult with their own financial and taxation advisers before subscribing, having regard to the risks involved, their own financial circumstances and their tax position. Investors are responsible for establishing their entitlement to participate in this investment and for making their own tax relief claims.
Quintas Wealth Management Limited is regulated by the Central Bank of Ireland.