MedWrite EIIS Investment Opportunity
To learn about the MedWrite EIIS investment opportunity please complete the form on this page. Additional information on EIIS is contained below..
What is an EIIS Scheme?
The Employment and Investment Incentive Scheme (“EII Scheme”) is a tax relief incentive which provides tax relief for individuals against total income for income tax purposes. The EII Scheme offers one of the few remaining income tax reliefs and is one of the few sources of total income tax relief (which includes, for example, rental income, Approved Retirement Fund (ARF) distribution income). The Tax incentive provides for tax relief of up to 50% of the investment made in certain corporate trades. The EII allows an individual investor to obtain income tax relief on investments for shares in certain companies up to certain limits each tax year. Relief under EII is available to individual investors in unquoted micro, small and medium sized trading companies.
What is EIIS Tax Relief?
Under the scheme, a taxpayer who puts money into an approved EII investment can reduce a substantial portion of their taxable income for the year in which the investment was made.
