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Discover the Haatch EIS Fund

by | Feb 6, 2024

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With the tax-year end on the horizon, Haatch has drawn attention to its EIS Fund, which is closing on March 31st for full deployment in the 2023/24 tax year, with the option to carry back to 2022/23 if necessary.

The Haatch EIS Fund invests in B2B SaaS (Software-as-a-Service) businesses, which offer products that solve deep pains in the present, and/or create massive impact for organisations.

The fund targets a portfolio of 4-6 companies, focusing on companies capable of transforming established markets with digital innovations. They target a minimum of £10,000 of monthly recurring revenue, though the majority of companies exceed this. The companies selected will have built a go-to-market strategy to reach £100,000 monthly recurring revenue within 12-18 months.

 
 

What are the tax benefits of EIS?

  • 30% Income Tax Relief – Investors can claim up to 30% income tax relief of their investment
  • 100% Capital Gains Tax Exemption – When investors sell their EIS shares, any growth in value from an investment is 100% capital gains tax-free.
  • Capital Gains Deferral – A gain made on the sale of other assets can be reinvested in EIS shares and deferred over the life of the investment, with no upper limit on the value of gains that can be deferred.
  • Loss relief – Investors can set the loss against any income tax of that year or carried back to the previous tax year, if shares in underlying portfolio companies are disposed of at a loss.
  • Inheritance Tax Relief – Inheritance Tax relief can be claimed against the value of shares if the investment is held for two or more years at death.

To find out more about Haatch Ventures EIS funds, please click here

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