The Davy EII Tax Relief Fund 2017

03 November 2017

What is the Employment and Investment Incentive Scheme? 

The Employment and Investment Incentive Scheme (“EII Scheme”) is a tax relief incentive scheme, (previously the Business Expansion Scheme (“BES”)) which provides all-income tax relief to Qualifying Investors for investments in certain qualifying small and medium sized trading companies (“SMEs”)*.

The Finance Act 2015 introduced changes to the EII Scheme to ensure it complies with the European Union’s General Block Exemption Regulation on State Aid (GBER). Details of the new requirements which Qualifying Companies must comply with are detailed herein under Qualifying Company on page 21 of the attached PDF.

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).

The Davy EII Tax Relief Fund 2017

The Davy EII Tax Relief Fund 2017 will be managed by BES Management DAC which is a joint venture between BDO and Davy and is Ireland’s longest running BES/EII Scheme manager.

Key characteristics of BES Management DAC:

  • Managed by BDO and Davy;
  • Successfully raised six EII Scheme Funds over the past six years;
  • Previously raised 19 BES Funds over the past 22 years;
  • Raised over €166 million which is invested in 161 Irish companies; and
  • Funds are managed by a professional and experienced management team.