Edge Live Protected EIS
Edge Investment Management has launched its third Enterprise Investment Scheme (EIS) fund in just over a year.
The Edge Live Protected EIS (No.3) Fund will invest in the entertainment industry, concentrating on live music, theatre, sports, festivals and other events that take place in front of a live audience.
Observers are predicting renewed and growing interest in the Enterprise Investment Scheme market this year after clarification of the rules from Chancellor Alastair Darling; and the Edge Fund is looking to raise £10m initially by 31 March 2009 with the intention of investment before the end of the 2008/2009 tax year.
The Edge Live Fund combines tax advantages for the investor with the opportunity to participate in the live events business. With much of the uncertainty over Enterprise Investment Schemes now removed, Edge Investment Management is optimistic about the growth prospects of this market and the uptake of the opportunity to invest in the Edge Live Protected EIS (No.3) Fund.
People investing in the Fund before 31 March 2009 would be able to claim income tax relief in the current tax year at the rate of 20% of the gross amount invested (up to a maximum of £500,000), defer any capital gains tax on gains made since April 2006 and benefit from capital gains exemptions when the Fund’s investments are realised. The investment also qualifies for an exemption from inheritance tax after two years.
If you have any questions about the Edge Live Protected EIS (No.3) Fund, please contact Alasdair George on 020 7317 1315 or by e-mail to Alasdair.George@edge.uk.com.