An enterprise investment scheme (EIS) specialising in live entertainment and media has been launched today by Edition Capital.
The First Edition EIS offers investors access to a minimum of three pre-identified companies in the media, television and live entertainment sectors. The vehicle is seeking to raise £10m and is targeting a tax-free return of £2 for each £1 invested over a four- to six-year time horizon. It has a minimum investment of £10,000 and attracts up to 30% income tax relief on investments up to £1m. It also offers capital gains tax deferral and IHT relief when the investment is held for more than two years. For advised retail clients, the upfront fee is 2% of the investment plus an annual m...
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