EIS Tax Relief Calculator — Discovery Notes

JTBD

“How much tax relief do I get on my EIS investment?” / “What is SEIS relief worth to me as a higher rate taxpayer?” / “What do I actually lose if the startup fails?”

Target Audience

Three Tabs Described

Tab 1: EIS Tax Relief

The core EIS calculator. Investor enters investment amount, income tax band, and any capital gain they want to defer. Output shows the 30% income tax relief, CGT deferral amount, net cost of investment, and effective cost percentage. Knowledge-intensive company (KIC) toggle raises the annual limit from £1M to £2M. The CGT deferral section explains when the deferred gain becomes payable and the post-3-year CGT exemption on the EIS shares themselves. This tab serves the primary “how much relief do I get?” intent.

Tab 2: SEIS Relief

SEIS-specific calculator for earlier-stage investments. Investor enters investment amount (max £200,000), tax band, and capital gain to reinvest. Output shows 50% income tax relief, 50% CGT reinvestment relief (distinct from EIS’s full deferral), and total effective cost after all reliefs. A higher rate taxpayer investing £100,000 in SEIS with a £100,000 gain to reinvest gets £50,000 income tax relief + £12,000 CGT saving = £62,000 in total reliefs on a £100,000 investment. This tab makes the powerful SEIS economics concrete.

Tab 3: If It Goes Wrong

The loss relief scenario — the company fails, shares are worth £0. This is the most differentiated tab. Most EIS calculators only show the upside. This tab walks through the step-by-step loss relief calculation: (1) initial income tax relief already claimed, (2) allowable loss = investment minus relief received, (3) loss relief = allowable loss offset against income at marginal rate. The headline number is “actual money lost” — typically 38-42p per £1 for EIS at higher rate, or 27.5p for SEIS at additional rate. This honest worst-case framing builds trust and is highly shareable.

Key Data — Verified from HMRC and GOV.UK (March 2026)

EIS (Enterprise Investment Scheme) — 2025/26

ParameterValueSource
Income tax relief rate30%HMRC HS341
Annual investment limit£1,000,000HMRC HS341
KIC annual limit£2,000,000 (if £1M+ in KICs)HMRC VCM16060
Minimum holding period3 yearsHMRC HS341
CGT on EIS shares after 3 yearsExempt (£0)HMRC HS297
CGT deferralFull gain, no upper limitHMRC HS297
Loss reliefAllowable loss = investment minus relief, offset against incomeHMRC HS286
Max a company can raise via EIS£5M per 12 months (£10M for KICs)gov.uk
Company age limit7 years (10 for KICs)gov.uk

SEIS (Seed Enterprise Investment Scheme) — 2025/26

ParameterValueSource
Income tax relief rate50%HMRC HS393
Annual investment limit£200,000 (raised from £100K, April 2023)HMRC HS393
Minimum holding period3 yearsHMRC HS393
CGT reinvestment relief50% of gain exemptHMRC HS393
Max exempt gain£100,000 (50% of £200K)HMRC HS393
Max a company can raise via SEIS£250,000gov.uk
Company employee limitUnder 25 employeesgov.uk
Company gross assets limitUnder £350,000gov.uk

VCT (Venture Capital Trust) — mentioned in context

ParameterValueSource
Income tax relief rate (2025/26)30%gov.uk
Income tax relief rate (from April 2026)20% (reduced in Budget 2025)gov.uk Budget 2025
Annual investment limit£200,000gov.uk
Minimum holding period5 yearsgov.uk
DividendsTax-freegov.uk
CGT on VCT sharesExemptHMRC HS298

CGT Rates 2025/26 (for deferral/reinvestment calculations)

BandRateSource
Basic rate18%HMRC (unified from Oct 2024)
Higher rate24%HMRC
Additional rate24%HMRC

Income Tax Rates 2025/26 (for loss relief calculations)

BandRateThreshold
Basic20%£12,571 - £50,270
Higher40%£50,271 - £125,140
Additional45%Over £125,140

Budget 2025 Changes (effective 6 April 2026)

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