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Entertainment content is an exciting investment opportunity because projects are supported by tax-efficient schemes endorsed by the UK government. Investment in productions presents a viable investment opportunity which allows for a high level of capital protection while offering attractive returns within a defined exit period.
The UK is recognised as one of the most dynamic, exciting and creative regions in the world for the creation of film and TV content. Due to our location, the majority of our projects are based in the UK, but we are not limited to the UK and regularly look at many different markets.
£10,000. The Manager reserves the right to raise or lower the minimum individual subscription, but not the Minimum required for the offer to proceed.
The Enterprise Investment Scheme is a UK government initiative encouraging UK tax payers to invest in small unquoted companies carrying on a qualifying trade in the UK. Investors are able to claim up to 30% income tax relief on their EIS subscriptions with subscriptions not amounting to more than £1,000,000 per tax year. Thus, the maximum amount that investors are able to claim in income tax relief on EIS investments each tax year is £300,000. Investors are able to claim their income tax relief in full or in part in the tax year the EIS Qualifying Shares have been issued, or they may elect to carry a full or partial amount back to the previous tax year.
Investors in the Fund will obtain income tax relief in the tax year in which they are allocated their shares. Investors are also entitled to carry back EIS income tax relief to the tax year preceding that in which the shares are allocated to the investor, to the extent that the investor has not already used their EIS reliefs capacity in that year.
Once an EIS-Qualifying company has been trading for a period of four months and after the offer or current tax year has ended, the Manager will apply for EIS3 certificates from HMRC. Once received, the Manager will deliver the certificates to the investor, or their financial representative, to be used when completing their next tax return.
Once an Investee Company has been trading for four months, CMI will obtain EIS3 certificates from HMRC and send them to each investor. The EIS3 certificates will be required for investors to claim EIS Reliefs and will confirm the amount of EIS Qualifying Shares purchased. The Manager anticipates that the Investee Company will begin trading soon after the shares have been allocated to the investors, and estimates that EIS3 certificates will be available 6 to 12 months after the Closing Date or current tax year, whichever is sooner. Please note that timelines are dependent on HMRC processing timelines which are not in CMI’s control.
It is important that investors do not claim EIS relief until they have received an EIS3 certificate from CMI. THE EIS3 certificate will indicate the date when EIS-Qualifying shares have been issued by a Company and thus the tax year in which EIS tax relief can be claimed. Investors are able to claim their income tax relief in full or in part in either the tax year the EIS-Qualifying Shares have been issued, or they may elect to carry a full or partial amount back to the previous tax year. Investors are strongly advised to consult with their tax advisors and accountants if the EIS3 certificate is not received before 31 January.
Yes. An investor has up to 5 years to ‘use’ their EIS3 certificate. EIS Reliefs must be claimed no later than five years after 31 January following the year of assessment in which the investor has been allocated their shares in the Investee Company.
Initial Fee (4.25%), Compliance & Management Fee (0.5%), Monitoring Fee (1%), Custodian Fee (0.35%), Performance Fees (20%), IFA Commissions (3%)
A full summary of the EIS rules can be found on HMRC’s website: https://www.gov.uk/government/publications/the-enterprise-investment-scheme-introduction
A full summary of the SEIS rules can be found on HMRC’s website: https://www.gov.uk/guidance/seed-enterprise-investment-scheme-background