Re:Zombie Startups in Europe
by lifeisstillgood on Tuesday October 02, 2018 @07:19AM
(#18120481)
Who are these tax incentivised angels in the UK??
[ Parent
| on HN ]
The UK has two tax-efficient schemes for investing in startups: SEIS and EIS. For some perspective, if an 'additional rate taxpayer' invested £10,000 into your startup, they are only actually risking £2,750 due to tax relief (source: https://www.crowdcube.com/pg/seis-tax-relief-42). They get additional relief on capital gains tax.
Basically anyone with high income, making more than (a few) £100k per year.
I have a friend who has done a couple of SEIS investment deals that turned out ok-ish (only breakeven, but profitable considering the tax rebate mechanism).