Blackfinch Spring VCT PLC offers tax year-end support for advisers and clients, focusing on the Enterprise Investment Scheme (EIS) carry back rule. This rule allows EIS-owning clients to reduce their income tax liabilities for both the current tax year and the previous tax year. The company provides a worked example of how self-employed business coach Alan reduces his income tax bill over two tax years by investing in an EIS portfolio and carrying back the remaining income tax relief. The company encourages advisers to discuss with their clients the benefits of reducing income tax liabilities and provides a client planning scenario for further understanding.
The worked example illustrates how Alan, a self-employed business coach, can use the EIS carry back rule to reduce his income tax bill. It demonstrates the potential benefits of investing in an EIS portfolio and carrying back the remaining income tax relief to the previous tax year. Blackfinch Spring VCT PLC emphasizes the importance of understanding and utilizing the EIS carry back rule to effectively reduce income tax liabilities for clients.
The company offers a downloadable client planning scenario to help advisers and clients visualize the impact of utilizing the EIS carry back rule. Additionally, Blackfinch Spring VCT PLC provides support through its expert team of regional Business Development Managers, who are available to address any questions about the Blackfinch Ventures EIS Portfolios. The company's focus on tax year-end support and the EIS carry back rule demonstrates its commitment to providing comprehensive assistance to advisers and clients in managing income tax liabilities effectively.