In the latest in the EIS & VC basics series for the EIS Navigator podcast we discuss Knowledge Intensive EIS funds, sometimes called KI funds. These are still relatively new in the market, so it's good to get a full explanation. Committed Capital have launched a few KI funds now, so we asked their Head of Business Development, Glen Stewart, on to explain them.

Glen covers all you need to know about KI funds and some things to be careful about when selecting one.. We cover:

• what is a knowledge intensive company?
• restrictions on what the company can be/do
• the increased investment limits that KI companies have
• what is an approved knowledge intensive fund?
• how does the timing for income tax relief work?
• what is the EIS5 tax certificate?
• how does this structure affect the other tax reliefs?
• what are the attractions of KI funds for advisers and investors?
• what are the disadvantages?

Links

Committed Capital - https://committedcapital.co.uk/

email - [email protected]

Telephone - 0207 529 1350

HMRC page on KI EIS funds: https://www.gov.uk/hmrc-internal-manuals/venture-capital-schemes-manual/vcm16050

HMRC page on tax reliefs for venture schemes: https://www.gov.uk/guidance/venture-capital-schemes-tax-relief-for-investors

Subscribe to the EIS Navigator podcast on most services here: https://the-eis-navigator.captivate.fm/listen

You can see this episode on video too here. https://youtu.be/ZYz4ZZmMJX0

The playlist for all the videos of the Basics series will be found here.

Bio

Glen Stewart

Head of Business Development, Committed Capital

Glen has been raising capital for the best part of the last 20 years for businesses; utilising tax efficient investment wrappers such as Enterprise Investment Schemes and Venture Capital Trusts. During this time, he has raised capital for a number of diverse businesses and asset classes including multi-media, property, renewable energy and AIM listed companies ranging from startups to well established and profitable companies. Prior to this Glen spent the previous ten years at Coopers & Lybrand qualifying as a tax adviser, PwC and Deloitte specialising in High Net Worth, Expatriate tax, and cross border advice.

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