EIIS Investments?

Bradlin

Does anyone know where you can find a list of companies in which you can invest in order to avail of the EIIS 40% tax refund?

This is the only one I can find: https://sparkcrowdfunding.com/campaigns/fleet-smart-car-hire-for-everyone/

Does anyone know of any Accountants or Brokers who specialise in this type of thing?

duffysfarm

a quick google should throw up a few. there will be a special supplement to the sunday business post on EIIS closer to tax deadline date.
try googling cantor fitzgerald, davys as they do have ones although this years offerings may not be out yet.

dbran

Be careful. They are like any investment and there are risks involved which are often downplayed by the promoters/accountants. You might get the tax relief and still loose the underlying investment.

Dbran

Gman1987

Anyone come across any EIIS opportunities for 2019 yet that are worth considering?

duffysfarm

Ger1987 wrote: »

Anyone come across any EIIS opportunities for 2019 yet that are worth considering?

i havent seen any advertisements yet but i seen an interview with a new whiskey distillery in kerry (cant remember the name but could have been dingle distillery) which may be worth a try. Market may be saturated but it seems to have some good people and idea behind it.

i would say with the current climate there may not be a lot of appetite for risk and in turn may not be many offerings

Gman1987

The only one I have come across for 2019 to date is Dublin Vinyl. Got an email off them. Did anyone else see come across any?

AnthonyOD1987

bvp sent me an email last week about their new fund, closing date of december 31st.

anyone know much about them? seem to be one of the smaller companies and mainly invest in renewable energy companies.

Gman1987

AnthonyOD1987 wrote: »

bvp sent me an email last week about their new fund, closing date of december 31st.

anyone know much about them? seem to be one of the smaller companies and mainly invest in renewable energy companies.

I expressed interest to them around the third week of September and they came back to me to say they are currently pulling together the proposal and will forward it on to me once completed. From what you said it looks like this is completed but I haven't receive anything:mad: , Not a great start!!

CIARAN_BOYLE

AnthonyOD1987 wrote: »

bvp sent me an email last week about their new fund, closing date of december 31st.

anyone know much about them? seem to be one of the smaller companies and mainly invest in renewable energy companies.

Generally low risk low growth with an environmentally friendly edge.

AnthonyOD1987

Ger1987 wrote: »

I expressed interest to them around the third week of September and they came back to me to say they are currently pulling together the proposal and will forward it on to me once completed. From what you said it looks like this is completed but I haven't receive anything:mad: , Not a great start!!

Your not missing much to be fair, if you google Eiis 2018 brochure it’s the exact same, albeit minimum estimate is 10k this year. The memorandum should be sent out over the next month so more to come

Gman1987

Anyone invest in Dingle Distillery in 2017 or 2018? I was thinking of investing in them for the 2019 scheme but I just heard that the investors for 2017 and 2018 are still waiting for their tax refund as they have not been approved by revenue yet. Might be a big risk investing in the so for 2019?

Tippex

The last time I spoke to my accountant (before we shuttered our own business) specifically on this (was 2 years ago) Revenue were taking their time and it was taking much longer for the investments to actually get approval for the EIIS. Even the Guys in BVP etc (unless the companies themselves have already been approved and their investors received the relief) cannot guarantee that a company that has been "approved" that the investors will receive the relief. One of our investors had been told he would receive the relief in another investment but was waiting 18 months for the relief (I actually don't know if they ever received the relief on that investment)

AnthonyOD1987

from attending the bvp webinar last week, seems the process has changed in the budget just gone. companies now self certify to revenue stating they are EII compliant once 30% of spending has taken place.

minute 8 of below video

https://www.bvp.ie/eii-scheme/eii-tax-relief-scheme-fund/

Gman1987

AnthonyOD1987 wrote: »

from attending the bvp webinar last week, seems the process has changed in the budget just gone. companies now self certify to revenue stating they are EII compliant once 30% of spending has taken place.

minute 8 of below video

https://www.bvp.ie/eii-scheme/eii-tax-relief-scheme-fund/

True but the problem with going with a fund versus direct is that you wont get a cert until all funds are invested. Davy's are only finishing investing using their 2018 investment fund.