Blackfinch Spring VCT PLC is promoting the use of Enterprise Investment Scheme (EIS) 'carry back' to reduce previous income tax bills. By investing in a portfolio of EIS-qualifying companies, clients can claim 30% income tax relief on their initial investment and carry back any remaining available tax relief to the previous tax year. The company provides a client planning scenario as an example. The scenario involves a self-employed business coach named Alan who pays an average of £30,000 in income tax each year and wants to invest in a tax-efficient investment to mitigate his tax bill.
Blackfinch is also offering webinars in December to enhance venture capital knowledge and gain new investment insights. The webinars cover the role of tax-advantaged investments in achieving diversification, with worked examples. The Head of Blackfinch Ventures, Dr Reuben Wilcock, and Senior Ventures Manager, Dr Nic Pillow, will introduce companies within the Blackfinch Ventures portfolios and share the team's learnings on being recognized as one of the most active investors during Q2 2023 and having one of the portfolios with the most high-growth businesses.
There are two webinars available, both covering the same content but with different pairs of speakers. The first webinar will take place on Friday, December 8th, and the second webinar on Friday, December 12th. Interested individuals can register for the webinars through the provided links.
Blackfinch Investments Limited, the parent company of Blackfinch Spring VCT PLC, is authorized and regulated by the Financial Conduct Authority. The company's registered office is located in Gloucester, England. The email also includes a disclaimer stating that investing in the mentioned investment is high risk and individuals should be prepared to lose all the money they invest.